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Inverse Head and Shoulders

$RIF - Inverse Head & Shoulder Formed. Let's LONG$RIF has formed Inverse Head & Shoulder on daily TF which is heavily bullish sign. After a sharp downtrend and price reversal at around 0.1350-0.1400, it has clearly made another shoulder which is a right shoulder. I am waiting for candle close at 4H TF and then I'll take entry. Entry will be around 0.1425 to 0.1450 with a first TP target in sight at 0.2000, and then if the momentum continues I'll again take entry for second TP target around 0.3000. Let's hope for the best. Let's LONG.
Long
by Dkhantastic
2
SPY close analysis, 3/27/2023 -- Inverse head and shoulders?Choppiness prevails. This is a premium sellers dream and a nightmare for swings. Looks to me like the low is in for the short term cycle. Price never dipped low enough into the diag demand zone I projected on the 23rd for the bullseye target Price seems to have found some support off the indecision zone today. I'm neutral-to-bullish until we lose 394.5. In the *what if* crystal ball projections spirit, I propose a potential inverse head and shoulders, taking price into the >420 zone depending on completion date. Now THAT would be interesting.
AMEX:SPY
by upslidedown
A look at the inv h&s and rising channel on btcusdI focused on the bullish pennant btc recently broke up from on my last chart, so for this one I wanted to focus now on the inv h&s patterns and the rising channels since btc price action is now above them. The green inv h&s pattern is the most obvious one, however there is also one with an ascending neckline(in lavender) even though the lavender inv h&s is smaller than the green, because it’s neckline is slanted upward its breakout target is slightly higher than the larger green one. We can also see price action now above the teal blue rising channel. On the daily chart you can see how the bottom teal line is also valid with multiple touches, which essentially makes the channel twice as big as most people realize. I have posted the measured move targets for the top half of the ascending teal channel as well as a target for if the bigger channel is more valid. Odds are they are both valid but we will know by how close price gets to each target. There are several other bullish patterns I left off this chart as I wanted to focus on the most current patterns I’m currently focused on and with price action just now closing multiple daily candles above these patterns I knew now was the time to post a chart focusing on them. You can look back through my chart ideas to see all the other bullish chart patterns currently in play including a bullish pennant, descending channel that is also a potential inverse Bart, and the falling wedge that encompassed most of the bear market. *not financial advice*
BTSE:BTCUSD
by DrDovetail
ADA is going to increase soon!ADA has created an Inverse head and shoulder pattern which means a great bullish trend is on the Horizon. If the price follows this pattern's expected movement,we shall see it reach 0.70 pretty soon or at least in mid term duration. The expected movement is as much as the measured price movement ( AB=CD ). The Break out has not Happened yet. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🌍Thank you for seeing idea . Have a nice day and Good luck.
Long
by CobraVanguard
9
Bitcoin - The bottom is not in! 15k or 10k (careful) Everyone thinks that the bottom is in and we are going to a new all-time high, but in my opinion, that's definitely not true. In this analysis, I will tell you why! First of all, we need to take a look at the huge dump that occurred in 2021–2022 (from 69k to 15k). From the Elliott Wave perspective, it's most likely an impulse wave, not a corrective wave, because there are no overlaps between swings and the price action was extremely steep and bleedy. Also, there are no triangles in this structure whatsoever. You may say that it's not an impulse but a WXYXZ triple-three corrective pattern. It's possible, but in my opinion, these patterns tend to have more sideways price action than steep. You may also say that it's an ABC correction, but there are clearly 5 waves. We should be in a major corrective B wave followed by a major C wave, which should end between 15k and 10k. I am not saying we will reach 10k for sure, but we should at least take liquidity below 15.5k to complete the ABC correction. That means if you buy Bitcoin now, you will experience a big drawdown on your account. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. 10k is a strong psychological level, and there is plenty of reason to buy Bitcoin here. 0.618 LOG FIB retracement and the start of the GAP are definitely reasonable targets. Right now, we are clearly in an uptrend on the weekly chart, and Bitcoin could reach 30k to 40k. The invalidation point for this analysis is 45k. If we reach this level, then I am wrong and I will buy BTC and ride the bull market to 150k. Targets will be specified for sure in one of my next analyses, so make sure you follow me and my updates! The potential reversal point for this major corrective wave is, in my opinion, at 30k (strong horizontal support and POC) or 39k (0.618 LOG FIB). Then we should go down to 15k at least. Also, if we take a look at the previous price action from 2018 - 2020, we had an exponencial pump from 3k to 14k followed by an exponencial dump from 14k to 4k. But we didn't take liquidity below the 3k level. This time I expect liquidity to be taken below the 15.5k level. I hope this analysis is clear for you, and considering the upcoming recession and upcoming stock market crash, it's also possible to go down to 15K from a fundamental perspective. Thank you, and for more ideas, hit "Like" and "Follow"!
by UnknownUnicorn2537518
189
POSSIBLE INVERSE HEAD AND SHOULDERS ON BITCOIN $9,300 PUMP??How about you guys but I clearly see a inverse head and shoulders with a perfect neckline to perfection. Let me know what you guys think. It looks a lot better and different time frames as in smaller time frames, where it actually shows two smaller little shoulders on each side as well like those small appendixs on an inverted head and shoulders although this goes against my Elliot wave theory analysis, this still looks highly valid
by aelachkar04
HIGHUSDT wants the breakout?HIGHUSDT recently bounced on the 0.786 Fibonacci level, indicating a potential reversal in the market. Additionally, on the 4-hour timeframe, an inverse head and shoulders pattern is being formed, which is a bullish signal. An inverse head and shoulders pattern is a technical analysis pattern that typically forms after a downtrend and signals a potential trend reversal to the upside. It consists of three troughs, with the middle trough being the lowest, and the two outer troughs being higher. The middle trough is called the "head," and the outer troughs are called the "shoulders." The pattern is considered complete when the price breaks above the neckline, which is a level of resistance connecting the two outer troughs. In this case, the market is creating an inverse head and shoulders pattern on the 4-hour timeframe, with the neckline at the 2.76$ area. If the price breaks above this level, it could signal a bullish trend continuation, and traders could look for new long positions. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
12
DOGEUSDT is testing the 4h resistanceDOGEUSDT is testing its historical 4-hour trendline, which suggests that the price may experience a significant price movement in the near future. Furthermore, the price action is creating an inverse head and shoulders pattern, a bullish reversal pattern that occurs after a downtrend. This pattern is forming below the supply zone, which is a resistance area that has previously prevented the price from moving higher. According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ black structure -> <= 1h structure. ––––– Follow the Shrimp 🦐
by InkyGrip
8
Trust Your AnalysisIt's not unreasonable to be bearish these days. I don't have a very positive outlook for macro or vol events. One frequent reader I chat with asked me if I could look at the market and what I thought would happen from a purely technical analysis. I gave him this inverse head & shoulder on Mar 15th. s3.tradingview.com I was convinced the market would not survive CS but the market responded exactly how it was designed to. A reflexive positive up & to the right vol dampening grind. Liquidity is still a main driver of volatility but it has improved slightly. The 20D is important because of how money is managed on a monthly basis, particularly around OPEX Vol events tend to drift towards the 20D as event vol enters the market. I see more hedging volume in recent days so it shouldn't be a surprise to anyone that we are at the 20D for FOMC. There have been significant changes in premium behaviour over the past few weeks. Notice how the opening 15m range in the chart above got really tight prior the last game of chicken at the 20D. SPX option premium is bad. I have been bullish NQ futures for any day trades and been working out well. I hope this isn't the new normal. Reality of massive amounts of gov spending on climate control that bears no fruit except piles of bad debt that are start appearing like magic. I have been preaching about this scenario for 2 damn years now. CS ate 5B loss from Archegos and took the media storm as well. I think it's ironic the guy they put in charge of CS Risk was named Lehmann. Might as well put a guy named Ichanbe Patsy as CEO. Do I think the markets could breakdown for a second leg down? Yes - The bond update I looked at last was pricing in a 75BPS cut by Q3. That only happens if equities make a correction in the next 2-3 months. Do I think the markets could grind up and even gap up? Yes - Jerome Powell knows if he can keep the main liquidity dealers on a tight enough leash he can keep ratcheting the tightening at 25 Jerome Powell said in Aug 22 there would be pain and this is the weakness he was looking for.
SP:SPX
by SPYvsGME
4
NVDA - Breakout Rising Trend [MIDTERM]- NVDA has broken up through the ceiling of the rising trend channel in the medium long term, which signals an even stronger rising rate. - The positive development, however, may give rise to short term corrections down from today's level. - It also gave positive signal from the inverse head and shoulders formation at the break up through the resistance at 178. - Further rise to 300 or more is signaled. - NVDA has support at 214 and resistance at 290. - Positive volume balance indicates that volume is high on days with rising prices and low on days with falling prices, which strengthens the stock. - Overall assessed as technically positive for the medium long term. *EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, LT TP: Long Term Target Price Verify it first and believe later. WavePoint ❤️
NASDAQ:NVDALong
by wavepoint99
4
BITCOIN is back in its original uptrend state. Watch price grow! BTCUSD is in its natural up trending spirit again. This was confirmed by noticing a relatively strong bullish reversal pattern within a stronger reversal pattern, the Inverted Head & Shoulders patters. this can be made clear buy utilizing the different variations of candles. The Candlesticks chart, the Line chart, as well as the area chart. Simple structure shows that a higher high was created and price retraced to the mighty 38.2% Fibonacci level, however it also re-tested that level with a second bullish engulfing pattern. After price confirms a break of the neckline then pulls back to re-test, this pair will provide excellent Long opportunities for immediate profits.
COINBASE:BTCUSDLong
by DesharedPierreJr.
XAUUSD | New perspective | follow-up detailsAmidst uncertainty over the extent of the Federal Reserve’s future tightening path, the U.S. dollar weakened and went on to close the week at a 2.7% loss. Despite a series of robust economic data releases in recent times, including inflation pushing in at elevated levels, there are high expectations that the U.S. central bank will deliver a 50 basis point rate hike in two weeks’ time. So in this video, we have taken the time to observe the charts from a technical standpoint to decipher how to prepare for the new week. 00:45 Reference to last week's daily commentaries and results 05:05 XAUUSD Technical analysis on Daily chart 09:00 Macroeconomic events to look out for the week 11:05 XAUUSD Technical analysis on 4H Timeframe 13:54 Conclusion on next week's expectation on XAUUSD Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
FOREXCOM:XAUUSD
by darcsherry
2
Bitcoin to 10K! Disgusting This is a bearish technical analysis of Bitcoin. It's supported by technical tools, and I am not saying this is going to happen; this is just a scenario because we need to consider all possibilities. First of all, we need to take a look at the bearish wave from November 2021 to November 2022. It definitely looks like an impulse wave; it's pretty obvious, but I have seen a lot of failed impulses on the other side. You may say that it's not an impulse but a WXYXZ triple-three corrective pattern. It's possible, but in my opinion, these patterns tend to have more sideways price action than steep. You may also say that it's an ABC correction, but there are clearly 5 waves. Since November 2022, Bitcoin has been going upward. The wave looks very strong, and I think we will reach levels above 25K before a potential drop to 10k to complete an ABC correction. It's very likely that this is going to happen. Currently we are in wave B, which is a corrective wave, and we could end this wave at around 20k or 19k at the 0.618 FIB retracement. I do not watch news often, to be honest; I am more of a technical guy, but I can't ignore the Binance bad news. There is speculation about the closing of the Binance US exchange, and their stable coin, Binance USD (BUSD), has some problems as well. But I am not surprised at all. A potential collapse of Binance could send Bitcoin to 10k in just a matter of days. For example, you can take a look at the COVID crash in 2020; it was a pretty fast liquidation of longs. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. 10k is a strong psychological level, and there is plenty of reason to buy Bitcoin here. 0.618 LOG FIB retracement and the start of the GAP are definitely reasonable targets. Like I said before, this analysis is just a scenario that could happen to give you more perspective on the market. I always have a bullish and a bearish scenario ready to execute, so it's not about being wrong or right; this is not how you trade markets. Let me know in the comment section, do you think Bitcoin is going to drop to 10k? Or we are going to a new all time high. Thank you, and for more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
99