Invertedheadandshoulders
DOGE/USD Inverted Head and Shoulders at PCZ of Bullish ButterflyWe are at a PCZ of a Bullish Butterfly printing a Potential Right Shoulder of an Inverted Head and Shoulders Pattern Visible on the Weekly with a bit of Bullish Divergence to top it off.
My Stop loss will be below 10 cents and my TP will be above 30 cents.
Inverse Head and Shoulder about to complete.As you can see, Inverse Head and Shoulder Pattern is about to complete in NSE:GRASIM
Entry above POC and Exit targets are given in the chart.
Hello Trader. If you like the idea, do not forget to support with a like and follow.
Above is purely my opinion. It doesn't mean that you need to trade accordingly. Please note that I'm not Sebi registered advisor or technical analyst . Trade on your own conviction and please consult your advisor before investing .
Finishing Move Inverted HnSABC Fib Extension 1:1 at 4255; 1.27 fib extension could give a wick down to 4170 area. Friday's 1k drop in DJI feels like a finishing move.
Left shoulder was 4222, see if we get it Monday.
IF this is an impulsive 3rd wave down, then it's bottomless. Monday likely to enjoy a bounce, ofc can sell more but a bounce is coming.
P/C ratio .72 now; two puts open for every call, typically a pivot point. Buying puts here is unlikely to produce desired results imo.
RSI at these levels produced bounces before and is likely to do so again imo. Trade with care, risk is stupid high.
Longed TQQQ EOD. GLTA!
US100, H4 - Inverted HSH patternSmall consolidation on US100 creates inverted head and shoulders pattern. Breaking above 14300 should trigger move to 14800. If HSH pattern will be negated (breakout below 13900), possible resume of down move towards 13100-13200
Inverted head and shoulders on LINK/USDTA fairly low risk trade here. Link has been forming an inverted head and shoulders for a while. It is making a larger double bottom imo.
I have entered on the right shoulder of the hs. If I see price break past the right shoulder I will probably jump ship.
First resistance is at the 200 day MA. I hope we blast through that. I will take partial profits at the 0.618 fib highlighted by the red square.
#LUV inverted head and shoulders playsecond air line play i find on the daily chart with an inverted head and shoulders pattern you can also check out #UAL if confirmed that would main a 19% possible future gain for #LUV putting it up in the low $60's either way i will be watching both of these plays heading into earnings for the next q's guidance as summer usually means more money for people wanting to travel with inflation and sky rocketing fuel cost i know for a fact prices have already doubled normal flights from PHX to SD are normally $75 - $55 one way are currently now going for the cheapest around $150 so it will be interesting to see the guidance they provide as it might give a good insight into their expectations as we head into the second half of 22
Inverted Head & Shoulders on the Daily for #UAL play i will be watching heading into earnings as well as the other airlines, as I'm expecting a lot more volume heading into the summer months when most people like to get away. Either way i still feel at this price all the airline plays are under-valued as well as A LOT of other retail fav's
Potential Inverted Head and Shoulders Forming a Right ShoulderThe NASDAQ 100 is forming a potential Right Shoulder in a Potential Inverted head and Shoulders formation that if it breaks out of could send it on a path to break the ATHs and hit the 1.13 Fibonacci Extension which would be the Target of a Shark BAMM.
YFIIUSD: Inverted Head and Shoulders at the PCZ of a Bullish BatThere is an Inverted Head and Shoulders Pattern with Triple RSI Bullish Divergence at the PCZ of a Bullish Bat.
You likely don't want to see price trading below $1,480 and your first area for taking profit will probably be around $4,165
SPX: A ridiculous (but powerful) bullish structure!Hello traders and investors! Let’s see how the SPX is doing today! Last Friday reacted nicely by the end of the day, so we have to update our thoughts.
In the 1h chart we see that the index almost hit our target at 4,500 (we missed by 6 points). In addition, we see a classic Bullish Sandwich candlestick pattern, a pattern named by me, because we see a bearish candlestick between two bullish candles, which reminds me of a sandwich. This looks ridiculous (and it is), but it is a powerful pattern, and soon you’ll understand why. The important thing is the psychological meaning of this - and why this is a bullish structure.
First, this bullish reaction occurred near our support level, and this means the bear trend is starting to get exhausted. Second, if you analyze smaller time-frames, you’ll realize that a Sandwich pattern is just a bullish pivot point, a bullish structure that creates bull trends, and this is why it is such a powerful pattern. Look at the 15 min chart:
The index dropped to hit its 61.8% Fibonacci’s Retracement, and it did a powerful reaction, breaking the previous top at 4,542 (black line), doing a higher high/low, reversing the trend for good by triggering a pivot point. What’s more, you could even say that it did an Inverted H&S chart pattern, and you would be right. Either way, we had many bullish reversal signs.
Now the index is bullish again, and as I mentioned in my last analysis, pullbacks would be just opportunities to buy.
In the daily chart, it feels we should’ve corrected more, at least to the 21 ema, and there’s still a chance of a sharper correction, but only if we lose Friday’s low from here, otherwise, we can’t take this possibility seriously. So far, our Sandwich is working nicely, but the index has a few challenges to overcome in the next few days.
To consolidate the bullish momentum, it’ll be important to stay above the previous resistance at 4,597. Our next gap to fill is at 4,652. I’ll keep you guys updated on this every day, so remember to follow me to keep in touch with my daily analyses!