Ready to explode!We have everything in place…
A double bottom
A channel down breakout
An inverted head and shoulder forming out
Head and Shoulders
Xauusd-1hAfter the formation of the head and shoulder pattern and the price drop to the targets of 2313 and 2306 and finally 2297, we will see an increase in the price.
Do you think the Gold's reverse HS will breakout.It will be an interesting week for XAUUSD.
1. **Key Level 2330**: This level is crucial as it could initiate a chain reaction. A break here would confirm a double bottom "W".
2. **Possible Breakout**: Gold has been in a downward channel since May 20th. A breakout above the blue line would complete the Reverse Head and Shoulders formation at TP level 2365.
Technically, it’s structured for a move to 2365. However, with significant economic news this week, including the Fed Chair's speech on Tuesday, caution is advised.
Sweetgreen SGWant to look sexy? Long NYSE:SG 10/24 $30 calls for $4.80 99.6 SCTR score.
@traderstewie
PEG play.
@AboveGreenLine
SLO STO reset. Healthy food > NYSE:MCD Targets: $31.38/32.4/34.87/39.07/42/61
Alikze »» BCH | Head and shoulders pattern scenario🔍 Technical analysis: Head and shoulders pattern scenario
- It is moving in a medium-term ascending channel.
- But now, due to the structural correction, it is moving in a short-term downward channel.
- Currently, due to the breakdown of the structure and the downward slope, as well as the movement in a short-term downward channel, it can continue with the pullback to the broken structure and the supply zone to the origin of the correction movement.
- Therefore, it can continue the correction with a retest up to the ceiling of the short-term descending channel and the supply area and complete the last leg up to the 250 range by breaking the major ceiling.
💎 Alternative scenario: if it can break the supply zone, the first target will be the $500 range, which can be considered as a pullback to the major ceiling.
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Gold's probability of its intraday Liquidity pool. 28/June/24XAUUSD intraday roadmap and its Liquidity pool = stop hunting zone. Probably a reverse head and shoulder pattern.
Crazy Inverse H&SA bit of a long reach but why the heck not!
If confirmed, an Inverse Head & Shoulders with a target of $73 is in play.
these wild swings in the chart are most likely signs of heavy accumulation while not wanting to move price too much... yet.
$TSLA #Tesla Inverse Head & ShouldersNASDAQ:TSLA #Tesla Inverse Head & Shoulders
The Inverse Head & Shoulders pattern is a popular technical analysis indicator used to predict a reversal in a downtrend. Here's a description:
### Inverse Head & Shoulders Pattern
The Inverse Head & Shoulders pattern is a bullish reversal pattern that often marks the end of a downtrend and the beginning of an uptrend. It consists of three main components: two shoulders and a head, formed by three successive troughs with the middle trough (head) being the deepest.
#### Key Features:
1. **Left Shoulder:**
- The price declines to a new low and then rises to form a peak.
2. **Head:**
- The price falls again, creating an even lower trough (the head), and then rises once more.
3. **Right Shoulder:**
- The price declines for a third time but does not fall as low as the head, forming the right shoulder, before rising again.
4. **Neckline:**
- A horizontal or slightly upward-sloping line drawn through the peaks between the left shoulder, head, and right shoulder. This line acts as a resistance level.
#### Trading the Pattern:
- **Identification:**
- Look for a clear formation of the left shoulder, head, and right shoulder during a downtrend.
- **Neckline Break:**
- The pattern is confirmed once the price breaks above the neckline. This breakout signals a potential reversal and is considered a buying opportunity.
- **Volume:**
- Volume typically decreases as the pattern forms and then increases on the breakout above the neckline, adding validity to the reversal.
#### Measuring the Target:
- **Price Target:**
- The projected price target is typically calculated by measuring the distance from the bottom of the head to the neckline and then adding this distance to the breakout point at the neckline.
#### Example:
If the bottom of the head is at $50, the neckline is at $60, the difference is $10. If the price breaks the neckline at $60, the target price would be $70 ($60 + $10).
### Summary
The Inverse Head & Shoulders pattern is a reliable indicator used by traders to identify potential reversals from bearish to bullish trends. When identified correctly, it provides a clear signal to enter long positions, aiming for the measured target based on the pattern's structure.
AMZN inverse h&s updateI cannot tell you how many people faded this idea and stated it was not a head and shoulders. With H&S you need to predict the second shoulder before it happens, not afterwards. This trade has played out immesely as I am only in AMZN LEAP calls. I did sell covered calls against the position which will likely cause them to be called away at thousands of dollars in profit (fine with me).
-My target is still 210$
head and shoulder top reversal on SMCIperfect techincal figure, with high volume on SX and lower on head , drastic low volume on right shoulder, a solid neckline, Open interest shows that the funds are shorting SMCI, perfect timing to join the train a price target of 500$ is nice.
XAUUSD Head and ShouldersOn the daily chart, XAUUSD fell back from a high level, forming a potential head and shoulders top pattern in the short term. At present, attention can be paid to the resistance near 2316. If the rebound is blocked, sell can be considered. The support below is around 2277. If it falls below, the downward space will be opened, and the downward target is 2150-2200 area.
Breakout in Electronics Mart from Inverse H&S EMIL has had a breakout and successful retest from an inverse H&S pattern on above avg volume day. The Relative strength is also showing an uptick.
H&S top in $GLD?GLD seems to be forming a head and shoulders top here with the right should shallower than the left (a very classic pattern). Should this break down here, I think we're likely setting up for a top in GLD.
The technical target for the breakdown would be the $200 level, but after looking at the chart on larger timeframes, I think this could be a more mid-term top (over the next 6-12 months).
I've marked off key levels to the downside should the pattern break down.
SHORT ON NZD/USDNice head and shoulders on the daily.
Clean break of the neckline and the previous day low.
Dxy is bullish and looking strong.
I will be taking the follow trade on NZD/USD
MARKET SELL NOW
ENTRY - 0.60781
SL - 0.61418 63 PIPS
TP - 0.58534 224 PIPS
Daily Kumo Breakout w/iH&SiHS + daily kumo breakout
Kumo still bearish
TK Cross still bearish
entry: accumulate when confident, add on breakout, add on neckline
exit: 1.618 + measured move = 79-84
stop loss: <R Shoulder, below daily Cloud = <69
NFA
SQIn my opinion, this is the appropriate zone to buy, as price is most likely printing a right shoulder of an inverted HS pattern. Accumulating along WMA40 and will fly, no doubts.
Mind your risks and trade safe. Will appreciate your thoughts on this stock.
Simple Inverse Head Shoulders PatternBull Targets:
- TP 1 87.8k
- TP 2 97.3k
Pre-reqs:
Getting back above 67k and then breaking 71.7k and holding above
Bear Targets:
- 49.1k
- 44.4k
Pre-reqs:
Lose 60k
Good luck!
head and shoulders patternIn the gold daily time frame, we can see a head and shoulders pattern. When the neckline breaks, this pattern will be activated.
Fantom is painting a huge inverse H&S on HTFFantom has performed exceptionally well in the previous bull market with more than a 200x growth, and now it is trading almost 81% down from ATH. The support I have in mind for FTM is at $0.36, with the target at $2.6 and the optimistic target at $27. DYOR
