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Invertedheadandshoulders

WISH: Complete Multiple Time Frame Analysis (H, D and W).Hello traders and investors! Let’s see how WISH is doing today, and do a Multiple Time Frame Analysis (MTFA) on it! First, the 1h chart tells us that we have a possible IH&S pattern (possible, as it wasn’t triggered). The key point for us is the $ 10.34, as this is a pivot point and the neckline of the chart pattern. Remember, every H&S or IH&S are just two pivot points mirrored, and this is why it works as a nice reversal when triggered . It denies the previous pivot, and triggers a new one, reversing the previous trend. We are breaking the 21 ema for the first time in one month, and we might see something new here on WISH. The $ 15 is the main target if WISH triggers the pivot point in the 1h chart, as it worked as support and resistance multiple times. The market has memory, and some price levels are relevant for the stock. On the other hand, we must lose the $ 8.84, as this will create a bearish structure and WISH will keep dropping, probably to the $ 7.40. WISH is engaged in a bear trend since the IPO, but the $ 15 seems to be a pivot point for WISH in the weekly chart. This week is bullish so far, and if we do a bullish structure around here, it’ll be a good place for a bottom. Either way, I presented the key points for you in this analysis. Remember to follow me to keep in touch with my daily updates, and if you liked this idea, please, support it! Thank you very much!
W
by Nathan_The_Finance_Hydra
5
XAU / USD - Gold may see a big Rally3D chart here: Our 1D MA & EMA 50/200 both had death crosses, corrected to our potential Head on the HSi above, and now we've crossed back over again on the, printing golden crosses. This adds to the potential for the proposed inverted HS shown on the chart above to complete, giving us minimum target above ~2100 if we cross our neckline and stay above it. Success would be a new all-time high for gold, and if we stay above or re-test our previous ATH, we could rally much higher.
FOREXCOM:XAUUSDLong
by dudebruhwhoa
Cardano bullish scenario: 3 bullish indicatorsWhile we've obviously been in a bear trend for the past weeks, Cardano might be indicating that a reversal is imminent. Here are the three patterns/ indicators I am closely watching: 1- Falling wedge: reversal pattern, theoretical target at the beginning of the pattern 2- Inverted head and shoulders: work the same way as a regular head and shoulders 3- 9/30 cross strategy: While everybody is busy telling you about how amazing MA\EMA golden and death cross are, this trading setup that not everybody knows about can be quite relevant when you need to find an entry point. the principle is the same but instead of using two EMA or MA (a short and long one), this strategy uses a 9 EMA and a 30 WMA .
Long
by KairoiCapital
WISH: I told you it was going to fly!Hello traders and investors! We nailed another target, and this time, on WISH. In our last analysis ( link below this post, if you missed), we said that if WISH trades above $ 11.92, the $ 15 is the next target. Today, it did hit our target, 14 days after my analysis. A quick swing trade. The reasons for this were quite simple: 1) The $ 11.92 was a pivot point in the 1h chart. 2) The volume was interesting. 3) The $ 15 area is a key point for WISH, as the daily chart shows: As evidenced by the black arrows, t he $ 15 area was support and resistance multiple times in the past , and it was an obvious target. The volume is quite high, and the odds are that WISH will defeat its resistance at $ 15 and seek the $ 20.11, the question is if it’ll do this with or without a pullback. What’s more, I see the $ 15 area as a neckline for a huge IH&S chart pattern. If you liked this analysis, remember to follow me to keep in touch with my free analysis, and support this idea if it helped you! Thank you very much!
W
by Nathan_The_Finance_Hydra
10
BTCUSDT long trade ideaPlan: wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **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
Long
by GWBFX
2
SUNTV - Complex Bullish H&S pattern - Swing TradeThe above analysis is done purely on basis of Price Action & Chart Patterns. The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets. The final target is more than 50% from current price hence it may take even few months to reach that price level. Traders must keep this in mind while entering into the trade. Trade setup is explained in image itself. SUNTV was also analysed few weeks ago, check out the analysis linked below The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management. Feel Free to comment or message me for any query or suggestion regarding this stock or Price Action Analysis. Checkout my other ideas to understand how one can earn from stock markets with simple trade setups.
NSE:SUNTVLong
by AdityaKarn90