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Invertedheadandshoulders

GBPCAD an inverse H&S? 🦐GBPCAD on the 4hchart is creating an inverse head and shoulder pattern. The price is looking for a completion of the right shoulder and according to Plancton's strategy if there will be a break of the neckline we will be ready to set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
5
VeChain - 4hr Inverted Head and ShouldersVeChain - A quick 4hr chart update VeChain has broken upwards from its Inverted Head and Shoulders pattern. VeChain is above its Bollinger Bands Middle Band Basis which is a 20 Period SMA. Note that the Bollinger Bands Upper Band has started to point upwards. VeChain is below its 50EMA fro this 4hr timeframe. We need to close a 4hr candle above the 50EMA for this 4hr timeframe. The Ichimoku Lagging Span (Chikou Span) is indicating momentum is upwards or this 4hr timeframe. The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating short-term momentum is upwards for this 4hr timeframe. The Ichimoku Cloud Base Line (Kijun Sen) is indicating mid-term momentum’s sideways for this 4hr timeframe. VeChain is trying to get back over its Leading Span B (Senkou Span B) resistance level, crossing this level will take VET out of the Bearish Zone & back into the Equilibrium Zone of the Ichimoku Cloud for this 4hr Timeframe. The Chaikin Money Flow (CMF) is showing that VET is still in the accumulation zone at 0.13 for this 4hr timeframe. The ADX (Yellow Line) is at 47 slightly below its 9 Period EMA (White Line) which is at 48. The -DI (Red Line) is at 24.5 above its +DI (Green Line) which is at 15.1. Notice that the _DI (Red Line) is pointing downwards and the +DI (Green Line) is pointing upwards, if upwards pressure maintains then we may see the +DI (Green Line) cross back above the -DI (Red Line). If VeChain closes this 4hr candle in the Equilibrium Zone, then VET will be poised to attack the Leading Span A (Senkou Span A) cloud resistance to try and get back into the Bullish Zone of the Ichimoku Cloud for this 4hr timeframe. If VET crosses back into the Bullish Zone, we will then get a Kumo (Cloud) Twist back in to green indicating a renewed Bullish Trend for this 4hr timeframe. I hope this is helpful with your trading and hodl-ing 👍🔥🚀🌍🌔🪐🛸👽
BINANCE:VETUSDLong
by TradingThroughTheLens
3
BTU - Inverted Head & ShouldersBTU broke out of an inverted H&S neckline last week on high volume at 5.30. It is now 6.60 and there is probably a 30% chance (as with many breakouts) that it could retrace back to test the neckline within the first 1-2 wks. However this might not happen.. and with stop loss below 5.30, please position size accordingly if you are still inclined to "chase" this trade. Disclaimer: TA is about odds, not guarantees. This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you. Feel free to give me your thoughts ! :)
NYSE:BTULong
by Juliac
$NZDUSD - Inverted head shoulders confirmed only above $0.73Hi guys! 👋🏻 🔔 Inverted head and shoulders and a double bottom patterns could play out well for a long trade, though only above 0.73 resistance which is very strong. 🔔 Tuesday’s monthly New Zealand electronic card retail sales demonstrated growth in purchases, sales in April were up 4%, which is significantly higher than February’s 0.8%. Despite the positive news, NZD was not able to show significant growth against USD and lost in value against the Japanese Yen. So need to be very cautious, especially during the US CPI data release. 🔔 There also is a great support from Moving averages on 4H chart and on a daily chart Daily 🔔 However RSI and MACD indicators are slightly bearish at the moment and a drop to 0.7200 and 0.71400 is also possible before another surge attempt. 🔔 One of the backers of the uptrend could be strong CPI data, which will be announced later today. There still are concerns among the strong US Dollar among investors, if CPI data is strong and positive, investor's might look forward to selling the USD in fear of rate hikes. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
Long
by azizelliott
About to hit the $ 733? Watch these signs.Hi Tradingview community! Per our last analysis, we identified the strong divergence on price x RSI, and Tesla is about to confirm our bullish thesis. We have an inverted head and shoulders in the H chart. If TSLA break the 683.45 it'll most likely reach our target (gap at 733). Tesla is looking good, my dears! Let's watch the 683! If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NASDAQ:TSLA
by UnknownUnicorn21312077
4
DASH - powerful price actionDASH bottomed out with a mini inverted Head & Shoulders before breaking above the neckline @ 136 with a strong bullish engulfing candle last Friday. More upside potential especially now with RSI clearing above 50. Ideally one should have entered yesterday at the open @ 138 or as soon as it started to go above Fri's high @ 141. Otherwise, accumulate on any near term weakness with a tight initial stop loss below yesterday's candle ~ 133. Target shown are suggested only. Or ride the trade with trailing stops. Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
DLong
by Juliac
$OBLN PT 14Obalon Therapeutics, Inc., a vertically integrated medical device company, focuses on developing and commercializing medical devices to treat people with obesity. The company offers the Obalon Balloon System designed to provide weight loss in patients with obesity. Its Obalon Balloon System comprises of a swallowable capsule that contains an inflatable balloon attached to a microcatheter; the Obalon Navigation System console, which is a combination of hardware and software used to track and display the location of the balloon during placement; the Obalon Touch Inflation Dispenser, which is a semi-automated, hand-held inflation device used to inflate the balloon once it is placed; and a disposable canister filled with mixture of gas. Obalon Therapeutics, Inc. was incorporated in 2008 and is headquartered in Carlsbad, California.
OLong
by UnknownUnicorn19246015
2