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Invertedheadandshoulders

USDJPY-Weekly Market Analysis-Nov21,Wk3USDJPY Flag Pattern stands, but it took a turn and change to the flag pattern with retracement and not the high and tight flag pattern. Base on the 4-hourly chart, it has broken and closed above the channel, but it does break and close below the channel too, however, there's nothing to be worried about. If you are waiting for a more conservative approach, you can wait for the Inverted Head and Shoulders trading setup that completes at 113.46. While this Head and Shoulders doesn't meet my trading setup, look left of 113.46, it happens to be a rather good support level for a trend trading setup.
Long
by RaynLim
Is silver’s counter-trend rally nearly done?Silver has rallied an impressive 14% in less than a month off its late September low, more the tripling the corresponding gain in gold, but the rally may soon peter out as the metal approaches a key area of resistance near 24.80. As our analyst Matt Simpson has been noting on twitter (@cLeverEdge) throughout the week, silver formed a well-defined “inverted head-and-shoulders” pattern in the latter half of September and first half of October. For the uninitiated, this pattern shows a shift from a downtrend (lower lows and lower highs) and an uptrend (higher highs and higher lows) and often marks a significant bottom in the chart. The pattern was confirmed by last week’s break above the “neckline” at 23.15. The textbook interpretation of this pattern then points to a measured move objective equal to the height of the pattern, or roughly $1.70, up at $24.85 . Interestingly, this target area corresponds with the metal’s early September highs at $24.80. Now, with the daily RSI indicator approaching overbought territory (70) and a key confluence of resistance levels in the upper-$24.00s, the odds are shifting toward at least profit-taking pullback to below $24.00 and potentially a resumption of the medium-term downtrend. Only a confirmed break above the $24.80 would shift the medium-term bearish bias as the downtrend is called into question. Until then, the (medium-term) trend is the friend of silver traders, the recent sharp rally notwithstanding.
TVC:SILVER
by FOREXcom
2
NVDA: I warned you about the "Gap Reversal Ritual"!Hello traders and investors! As crazy as this sounds, but after almost one month, NVDA did exactly what we expected. It confirmed our theory about the “ Gap Reversal Ritual ” which we talked about in our last analysis ( link below), and now, it filled all its previous gaps, as we thought (I told you, I’ve never seen this structure failing). It only did one more gap after my previous analysis, which is something acceptable and this didn’t ruin the thesis at all – it just reinforced it . The reversal pattern that triggered the Gap Reversal Ritual was this Inverted Head and Shoulders , which worked as a confirmation . Now, we are close to the previous resistance at $ 225, and we see a Trap Zone , as the 21 ema is going up, squeezing the price against the resistance. If we are going to lose the 21 ema, or break the resistance, we don’t know yet, but we can work with scenarios in the daily chart. If we break the resistance, NVDA will probably seek the ATH again, as the momentum would be very strong. If we lose the 21 ema in the 1h chart, we'll probably seek the 21 ema in the daily chart. Now the situation on NVDA is not as easy to read as it was last month, but we can still work with targets. If you liked this analysis, remember to follow me to keep in touch with my daily studies on stocks and indices. Have a good day.
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
3
aussie swiss, kangaroos will be eating emmentalinverted H&S spotted, it broke the neckline. i think that it will retest the neckline and the uptrend structure that at this point are very close. this level coincides with a 61% fib correction of the move too. target is the projection of the "head", that coincides with the 161%fib extension. i will place my order at 0.683, the sl right below the 38% fib retracement at 0.674, targeting 0.709, just bellow the 161% extention. i guess that this is not financial advice bla bla bla, it's just what i'm gonna do. trade safe and risk mannage like if your life depended on it.
Long
by warrenbuffettdemicasa
Don't be fooled, we won't see that big of a correction short trmToo many people see the cup and handle, if you're waiting to enter for a dip, I think you will be frontrun . Don't try waiting to buy in the 5,400's too many people will open leveraged longs. Really? Do you think you're the only one with that idea? Everyone wants to long there for the f***cking mega-giga-pump cup and handle that is clear as day to all of these noob traders who have read one TA book in their life. DONT GET FRONTRUN.
BITSTAMP:ETHUSDLong
by UltimateKnowledge
1