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Inverseheadandshouldersformation

ROKU Reverse H & S setup LongROKU trended up paradoxically from less than a fairly weak earnings report about November 1 '23 and then reversed into a trend down into the support of the 0.382 and 0.5 Fib levels in a retracement. Price is now forming a head and shoulders pattern having found that support. It is above the POC line on the evolving POC and high volume area. Based on the latter, I believe that it now has room for the upside to $104 for about 18% potential. With a stop at $84 below the POC line, I see this as a safe play in the areas of technology and multi-media at a lower price than NFLX and Disney.
NASDAQ:ROKULong
by AwesomeAvani
1
DASHUSD golden cross; testing inv h&s neckline If it can sustain the golden cross then it should validate this inv h&s breakout and head to the $70 target. We can see it has already broke above the neckline once need to see it back above again and maybe close a weekly candle or 2 above it. On its way to the 70 dollar target it would create bigger inv h&s patterns/necklines along the way that would also most likely confirm a breakout from and lead to even bigger targets but we must take this one step at a time first….as of now we haven’t even confirmed this first one will breakout just yet. *not financial advice*
KRAKEN:DASHUSD
by DrDovetail
Inverse Head and Shoulders Pattern in Swerve (SWRV) Hello Traders, As you can see in Daily time frame, Swerve ( OKEX:SWRVUSDT ) is forming inverse head & shoulders pattern. If this pattern plays out then we can expect around 300% profit, because it is good to exit near $1 as it is psychologically important price. Remember this is a higher time frame trade and SWRV may take weeks for breakout, be patient. Also don't forget to manage your risk, if overall market turns bearish we has to book loss. Leave your opinion in comment section. Follow us for related analysis.
SLong
by Naveevo
20+ pips bagged, more projected moves below.Price is likely to come all the way down to hit 1.34500/1.34400 then bullish all the way to the next psychological level @1.3550. This projected move has a very high probability of occuring so watch out. Don't buy just yet, our bearish move isn't quite complete yet because at the moment. price in H1 got stuck in the 200EMA and it's gathering volume to break that level hence the consolidation. Hopefully Jolts Job openings provide the necessary volume we need to make this analysis happen. We have another strong pattern that supports this analysis and as you can clearly see on the chart. It's our favourite pattern the inverse Head and Shoulders pattern. We're waiting for our Last shoulder to form before taking those buys💯.
Long
by LaBOSS_FX
Use proper risk managementStop loss - @1.12530 Take profit - @1.1350 Entry - @1.9.9.1.x.x.x.1.3.0.4 This is a pretty straight forward trade but straightforward hasn't really been the strong suit of prices lately due to inflation but fundamentals support this trade so we'll see. Reason for this trade 1. Strong fundamentals. 2. Strong confluences (trendline, H4 support). 3. The action price is currently taking in M15 is kind of a rejection of the trendline. 4. Inverse head and shoulders pattern forming, it's remaining the last shoulder which should take price to our target. All I'm waiting for now is a "W" pattern and divergence in M15 and hopefully in H1 as well !.
Long
by LaBOSS_FX
2
What is Inverse Head and Shoulders Pattern?Inverse Head and shoulders Pattern is the mirror image of head and shoulders pattern. Read about Head and Shoulder Pattern here: Inverse H&S Pattern is bullish reversal pattern. Signals the traders to enter into long position above the neckline. Volume play a major role in both H&S and Inverse H&S Patterns. Usually the spike in volume on breakout is considered as a great signal for bullish entry. Again a suitable target can be obtained by measuring the distance between head and neckline of the pattern and using same distance to project the target . After the neckline breakout there is also a probability that prices can be retrace again to neckline due to lack of demand . Prices can only rise if again there is more demand which will lead to bullish uptrend. Also if the neckline slopes slightly upward that is the sign of greater market strength thus gives further conformation to go bullish on Inverse H&S Patter . Let us know what do you think about Inverse H&S Pattern? Please comment your views/doubts! As always nothing works every time in markets. Please do your research before taking any position. This is only for Educational Purpose. We are covering all Major Reversal and continuation patterns in this series. Follow to get updated with all the informative and educational trading ideas. Next Pattern we will cover: Round Bottom Pattern PS: We are publishing this again for global audience.
COINBASE:BTCUSDEducation
by Coinlog
Cheatsheet: Understanding the Inverse Head & Shoulders PatternThe Inverse Head & Shoulders Patterns is one of the most well known chart patterns and has a higher success rate then most (success rate, is that rate at which the pattern hits its target; the "measured move"). The pattern can be seen as a potential sign that a momentum reversal is coming into play with the last part of the pattern: the right "Shoulder" showing the market structure printing a Higher Low (HL), in up trending markets the price continually shows higher lows so this pattern is a potential way of spotting a initial HL before a uptrend begins. Here are the main characteristics in which to identify a Inverse Head & Shoulders Pattern: • VOLUME MIMICS PATTERN • 3 VALLEYS, LEFT & RIGHT SIMILAR HEIGHT WITH MIDDLE DEEPEST • TRIANGULAR IN APPEARANCE • FOUND AFTER STRONG DOWNTREND • HIGH SUCCESS RATE • CAN BE SLANTED • HIGH VOLUME ON BREAKOUT INCREASE SUCCESS CHANCES Price forms 3 distinct valleys after a strong downtrend, the left and right valley should have a similar height (shoulders), the middle valley (head) has to be the deepest or this can not be a IHS pattern . They should seem triangular in appearance but as long as it fits the main characteristics can still be a valid pattern as sometimes they look "messy" on the smaller timeframes but valid on higher timeframes. Volume should also paint the same pattern with the 3 valleys, strong volume on breakout increases success rate. As with any pattern you want to try buy on top of long term support areas not beneath to increase success chances. ( If you want to understand what potential support areas can be, visit the below linked idea on Order zones.) The right shoulder should form a higher low (HL) which is a early sign of trend change, this is entry A, with entry B (riskier) being the bullish retest of of the “neckline”. The idea is to gain an early entry on the pattern at point A to maximize profits and reduce risk. Once price moves below the middle "valley" it is likely that the pattern is not valid anymore so this allows us to get a tight stop loss upon entry at "A". If you were to buy at B instead of A, you have a larger distance to the INVALIDATION point of the pattern which is not ideal. We measure the height of the pattern and add it to the breakout level for a maximum possible price target. On some markets these patterns hit targets as high as 70% of the time. In this example on Gold the pattern as not fully formed yet so is still not validated, plus we are also under a important resistance area so we would need to clear that first. If that happens we have the chance Learning to trade patterns such as these can provide great opportunities if you understand price action and how to identify the key areas of the pattern that other traders and investors may be focusing on too, these areas become important psychological levels on the chart. Thank you traders, if you found the idea informative you can show your appreciation by Liking & Commenting! If you want to learn about the bearish version of this pattern, the Head & Shoulders, then visit this idea (Click:)
FOREXCOM:XAUUSDLong
by Worth_The_Ri5k
Inverse Head and Shoulders the accurate chart patternInverse Head & Shoulder Pattern Tutorial - Invesre Head & Shoulders pattern is similar to Head & Shoulders pattern but reversed. The inverse Head & Shoulders is observable in a downtrend and indicates a reversal of a downtrend. The formation of a Inverse Head & Shoulders pattern resembles a baseline or neckline with three bottom where the middle bottom is the lowest price between between the two left and risght bottom. Both the H&S and Inverse H&S patterns are most accurate price action pattern. Also Checkout previous post about Head & Shoulders pattern for better understanding () Stay Tuned, 👍;
TVC:SPXEducation
by tapasdhanadana