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Invertedheadandshoulders

EUR/USD possible to Long next week!!!Daily Chart: DXY is moving inside Ascending channel. Checked channel lower trend line for 2 days and heading to the upside and forming falling wedge pattern in lower time frames (4 hours). If DXY can't break the 93.2 level it is possible to complete the Heading & Shoulder pattern. Ref: Daily chart: EURUSD is also in descending channel and forming the Inverted Head & Shoulder pattern in the daily chart. If the price bounce from 1.17 level and back to 1.18, it is possible to go to 1.21.
Long
by Kadra-E
MASSIVE DAILY INVERTED HEAD AND SHOULDERS ON GBP/USD!Hello my beauties. I noticed this massive head and shoulders has formed during the pandemic.It has led the price to break a bearish trendline that had been lasting since November 2007. Since the pound has been in such a prolonged downtrend, I wouldn't be surprised if it came back down to kiss the trendline, so I'd be wary of opening longs right now. The ideal scenario would be a drop around the trendline and a price reversal from there. I will be observing this pair as I believe it will be providing multiple opportunities. Check out my other analysis in the description. If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair. Consider supporting me if you think I am providing you with value. Peace. Luca, TrickleDownFX
by TrickleDownFX
ETHUSD | Inverted H+S Forming? | Volume MiddlingDespite the formation appearing to be an inverted head and shoulders complex, I remain a little bearish on the short term with the prices struggling to get above 3930 consistently (let alone 3950+) and with the volume being so middling. Look for well above avg volume on breakout upon potential pattern completion. Keep in mind almost in uncharted waters so here there be dragons! Only put up what you can risk. Even if the patterns play out don't FOMO in. The volume for that last relative high was mostly FOMOing buyers (hence the LUS on the candle). Possible near resistance pull-backs identified but we could go lower. I am still long and believe we will see a break toward ATH sooner (next couple of days or so) or later (next couple of weeks). If not please see the other idea for musings as to price targets for long(er) entries. Could be as low as 3000-3200, but 3600-3800 more likely given recent falls to major supports. This is not financial advice. This is my opinion. Good luck.
COINBASE:ETHUSDLong
by XanaduRising
AMD: You must pay attention to these patterns! Next Key Points!Hello traders and investors! Let’s how AMD is doing today! It just did what it should’ve done, and it is in a short-term bull trend, as we have higher highs/lows. The 21 ema is pointing up, and there’s not a single pullback/reversal sign around. The moment to buy AMD was at $ 106.07, as I warned you last week ( link to my previous analyses below this post), and now it is too late to buy. Unless if AMD does a decent pullback, but we can’t count on that. But AMD has an open gap at $ 118.18, which will probably be filled in the next few days/weeks. However, we have some good signs in the daily chart: After it hit the dual-support level at the 21 ema/50% Fibonacci’s Retracement , AMD reacted nicely as we expected, and it seems it is trying to do a very nice chart pattern: An Inverted H&S. If triggered, AMD will have a technical target at the All-Time High . The only thing missing here: A good volume after a breakout. Either way, it is interesting to pay attention to what AMD will do next, because maybe if it is not a perfect buy, we still have some upside left. If you liked this analysis, remember to follow me to keep in touch with my daily updates. Have a good weekend!
NASDAQ:AMD
by Nathan_The_Finance_Hydra
6
$U Unity software, retest of INV H&S Trading opportunityI quite like the look of this setup. After a nice break out of the neckline of the inverted head & shoulders formation - which was accompanied by some decent volume, we have recently seen a retest and hold of this level which also comes in just above the 200dma. I think once can buy this retest between $115-118 ,using a stop loss as a move below the breakout (or 107 if you want to give it some room). Target of the pattern comes in at approximately $151
NYSE:ULong
by MarcoOlevano
WABIBTC Price Prediction for August**Disclaimer** the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
WLong
by GWBFX
3
DNKG: Many interesting patterns to watch this week!Hello traders and investors! Let’s see how DKNG is doing today! The trend is clearly bullish in the 1h chart, as we have higher highs/lows . The 21 ema is going up too, and it is working as a nice support level. Another relevant support to keep an eye on is the black line at $ 51.25. This point worked as support, and it was a previous resistance on July 29. DKNG is following the Principle of Polarity too. Yes, it is a bull trend, and we have a good bullish reaction above the 21 ema, but the challenge is to defeat the resistance at $ 53.38 (red line). The daily chart looks interesting. We are not in a bull trend, but at least the trend is not bearish anymore. We are in a congestion , and the 21 ema is flat, but this Inverted Head & Shoulders chart pattern is a good sign. The $ 51.25 was a pivot point , but it seems the $ 53.38 is a strong resistance, along with the $ 56.07. I see some early signs of reversal, but the situation is risky . Of course, higher the risk, better the reward. If we lose the $ 51.25 along with the 21 ema the congestion will prevail and DKNG will keep moving erratically. If this analysis helped you, remember to follow me to keep in touch with my daily updates. Have a good day.
NASDAQ:DKNG
by Nathan_The_Finance_Hydra
1