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Inverse Head and Shoulders

NZDCADBottom blue levels indicate monthly support. Market reached support, also fulfilled Daily Fibonacci "D" extension. Anticipating market movement towards monthly resistance (after Fibonnaci extension hit market begins new retracement phase). Monthly = Direction Daily = High or Low price 1Hour = entry According to daily timeframe we are at a low price, still forming new Fibonacci "ABC" sequence. Getting early entry on lower timeframe (1Hr) as market is forming higher highs and lows. Also notice the head and shoulders pattern formation at monthly support. Fundamentals in favour of NZD at time of posting this. LOTS of retail sellers in the market as we know most retail traders tend to lose money... Entry: 11:00AM SA time SL: 0.77563 TP: 0.78821 (next resistance) Lot: 0.5
by TradingfortheFuture_
Quant continuing to pump; nearing a golden cross. Quant seems to be leading the market. Continuing to pump before the other cryptos and making its way towards a potential new inverse head and shoulder neckline. Of course it doesn’t have to find resistance at this neckline, but there is good probability it will…if so it should give us a great idea of where it’s next measured move will be once it breaks above the neckline. Also vastly approaching a golden cross here. Will be interesting to see where it’s price action goes in the next couple weeks but as of now I think I can safetly predict that it will at the very least reach this white line. *not financial advice*
COINBASE:QNTUSDLong
by DrDovetail
We just hit my top QNTUSD breakout target & now have a new one!That was incredibly fast with practically no correction in between the last 3 targets we’ve hit. What’s interesting is the correction wick started forming at around 225 which essentially caused us to form another potential inverse head and shoulder pattern. This pattern is still very speculative considering we haven’t even began to form a right shoulder yet and with enough doom the price could easily blast back above this potential neckline and nullify the inv h&s pattern…however since I was able to predict the last inv h&s pattern precisely before the right shoulder formed and things tend to play out in fractals, it’s worth speculating that we may indeed be looking at yet another, bigger inverse head and shoulders pattern beginning to form its right shoulder here. Another great sign of bullish confluence for this becoming an inv h&s is if it does the breakout target (aka measured move) for this inv h&s would bring price action back up to the exact All time high! Anyways thought I post this now just in case it plays out like my previous ideas. Watching them obey TA so well has been very entertaining. No guarantee they will continue to do but would be awesome if they did. I will post my previous quant ideas below so you can see how well this has been playing out since June. *not financial advice*
COINBASE:QNTUSD
by DrDovetail
Quant’s next target = $221-224We have hit our recent target and now set our sights on the $221-224 breakout target of the inverse h&s pattern with the white neckline. Often times we will se a slight correction or consolidation in between going from hitting one breakout target to hitting the next. However, sometimes price action can just keep pumping until it hits both targets. As of now, we haven’t really seen any significant correction after reaching our first target here but it could still potentially correct enough to even retest the white neckline. If we were icky enough to get that steep of a correction first and the neckline then confirms as solidified support that would be a location where I would add to my position. No guarantee it will return there before reaching the $221 target though so once again hodling is paying off. *not financial advice*
COINBASE:QNTUSD
by DrDovetail
Wal-Mart (WMT) Appears Prime for a Run to the Upside!Wal-Mart Appears Prime for a Run to the Upside! Patterns Identified- ABCD and an Inverse head & shoulders pattern on Wal-Mart's (WMT) daily chart! I expect a break of the neckline over the next few sessions. We popped above the trendline today and came back inside the triangle. Also we closed slightly below the zone (see screenshot below). My next entry on Wal-Mart will be above 135 or after we break and hold above the upper trendline. Short % of float 1.09 (as of October 1, 2022). Bias-Bullish Peace in Love, MrALtrades00
NYSE:WMTLong
by MrALtrades00
CPNG - inverse H&SThe techs are lining up quite nicely for CPNG so far with all 3 moving averages (20,50 and 200) about to cross up in the right order. A break up above the neckline @ 21.35 (esp with solid volume) will be a good buy point. However, it is probably prudent to test with small amount first and add if it pulls back to retest near the neckline (or pyramiding up is ok if overall momentum is strong). I will put initial stop loss just slightly below $19 and trail stops up if trade is working out. Take partial profits if it is able to reach around 26.5 (resistance there). Let's see if it works out! Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:CPNGLong
by Juliac
$BLNK, Charging up for $25 as the first stop?$BLNK seems to be in a falling wedge (bullish) at the moment which can lead the price back to $25-26 zone. We may see a push towards $17 before the stock attempts a break out of the wedge. If that plays out well, we might also see the right shoulder completing -- a bit too early but good to keep an eye. Next few weeks seem interesting! Disclaimer: This is not a financial advise. Please make your own decisions while making an investment.
NASDAQ:BLNKLong
by mustafa_bey
SUSHI - Huge breakout! A new uptrend is starting right now! Great news for the SUSHI altcoin, because the descending parallel channel is currently breaking out with an elevated volume! Congratulations to the bulls for this success, and SUSHI is now completely free to go up to my profit target. Take profit at the 0.618 FIB + strong horizontal resistance, which is between 5.289 - 5.890 USDT. This is an extremely strong resistance, so you want to take profit here at all cost! According to my Elliott Wave analysis, a huge impulse wave has been completed, so there is an amazing opportunity for a massive pump in the immediate short-term. As you can clearly see, the last bullish candle looks like a dildo, which you really want to see! I believe this coin can pump extremely hard. But there is also a possibility of a slow uptrend. Let's see what is going to happen. It's definitely a tremendous opportunity right here right now for the SUSHI coin, so do not waste any time and do your own research or just press the BUY button! I expect massive gains for selected altcoins. You can find them in the related section down below. For more analysis, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
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