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Invertedheadandshoulders

WHA | Wave Projection | Inverted H&S Bull DivergencePrice action and chart pattern trading setup: > Wave projection possible intermediate 4-wave rebound with inverted head & shoulders reversal pattern and MACD bullish divergence > Entry @ Neckline pullback > Target @ H&S Target or 0.386 retracement of previous 3-wave +6% upside > Stop @ right shoulder - 3% downside > RRR: 2:1 The downtrend target C-wave or final 5-wave estimated at 0.786 of the last B-wave Always trade with affordable risk and respect your stop
SET:WHALong
by dukeposh
MHRIL Looks good for positional trade.Aim for 5-8%. It can be easily achievable in 1-3 days. My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2. The reason for booking profit of only 5-8% is because the market direction is not sure at this point. So better to aim for 1:1 risk-reward and rotate your money in better opportunities. Take trade if all conditions meet at the end of the day 3:15-3:30 PM. If you have any questions or suggestions, please leave a comment below. I will personally reply to every single comment! If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
NSE:MHRILLong
by Chartmaniac
ZM: INVERSE HEAD AND SHOULDERS FORMINGZM (Zoom Video Comm) An inverse head and shoulders is the inverted version of the head and shoulders , except that it's a bottoming pattern used to predict reversal in downtrends. ZM is now trying to form its right shoulder. The pattern will be confirmed once we reach and break the neckline at about 124. So the best place to enter a long trade is to wait for a break out of the red line. But, since there is a support at 103 and that the market is green, I went long at 106 with a stop at 100. If the inverse h&s is confirmed the target will be around 193 with a few resistances on the way (blue lines). Let's see where the market is going. Trade safe!
NASDAQ:ZMLong
by Elpidaldo
AAPL: Pay attention to these KEY POINTS!Hello traders and investors! Let’s see how AAPL is doing today! First, in the 1h chart, we are clearly bullish, as AAPL is doing higher highs/lows and it is above the 21 ema (which is pointing up). As long as it stays above the 21 ema, it won’t reverse, but if it does, the gap at $ 132 area might get filled. The main challenge for AAPL seems to be the red line at $ 137, as this is a key resistance that worked a few times before, and it is trying to work again. By doing a breakout, preferably closing above this line, AAPL could trigger the next bullish movement to fill the previous gap at $ 142. Maybe this could be an Inverted Head and Shoulders chart pattern as well. Either way, the key point is the same: $ 137. The main problem with AAPL is that the trend is still bearish in the daily chart. We are doing lower highs/lows and we are below the 21 ema. The short-term momentum is bullish, but the mid-term isn’t. In this case, we must pay extra attention to the 21 ema. If AAPL does any top sign around it, it might frustrate the bullish sentiment in the 1h chart. Moments like this are complex and difficult, as charts don’t speak the same language, but soon AAPL will become easy to read again. I’ll keep you guys updated on this, so remember to follow me to keep in touch with my daily insights!
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
3
Current state of the market and Mina reportMina chart is forming a descending triangle (bearish pattern), nonetheless don´t means that the price is going down. On the contrary can easly break up. Even more RSI is making lower highs and higher highs while price is making the same lows (bullish divergence), meaning we are getting momentum. We also can argue that this chart is forming a inverted Head & Shoulders pattern (Bullsih pattern) espeacially in the shorter time frame (12h) wich gives us confluence. We are seeing exhaustin signs of the bears in all markets. I belive we can see a relief rally to the target (marked in the chart) especially because BTC.D is facing a big resistance. Meaning 1)all alts and bitcoin have more fall ahead (alts disbelieve more than bitcoin) or 2)Alts will go up more and in a fastest way than bitcoin. In my personal opinion given the market conditions I think the second one is wich will play out in the near future. So i can start watching some alts to swing trade and day trade being Mina is one of them.
Long
by AlexandreAmaro