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Invertedheadandshoulders

$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
COMP Inverse H&S BreakoutCompound looks to be another alt that is experiencing a neckline breakout from an inverse head and shoulders pattern. It looks like a slight retracement is now occurring which has the potential to break down below the neckline still, however, assuming the trend continues, it has a bit of potential upward as indicated by the head to neckline length extended after the breakout (dashed blue line). There is a similar breakout occurring against COMPBTC, so it looks like there is some potential to outpace BTC over the next few days as well if the breakout continues. I suppose we shall see soon if the breakout becomes more definitive in the next day(s) or so.
COINBASE:COMPUSDLong
by crypto_trends
3
PDD: You should be aware of this chart pattern!Hello traders and investors! Let’s talk about PDD today! It is the first time I analyze this stock, and I hope my insights can be helpful. In this analysis, I'll present you two strategies to follow. First, in the 1h chart, we have a Descending Triangle chart pattern, and the trend is clearly bearish, as the 21 ema is pointing down, and the price can’t trade above it. This makes the situation more favorable to the bears, at least in the short-term , and as long as we don’t see a clear breakout upwards from this Triangle, the bear trend will persist. This Triangle is the best chance PDD has to reverse this bearish sentiment. Now, there’s two strategies we can use. First, if we see an upwards breakout, second, if we see a downwards breakout. Either way, this Triangle is the key, and the targets are better seen in the daily chart: If PDD breaks this Triangle downwards, then it’ll just seek the next support level, and the most meaningful support is the red line at $ 121.28. Then we’ll see how to proceed. Maybe PDD will lose this line, or it could do a nice candlestick pattern and trigger a possible Double Bottom pattern – we can’t know for now. On the other hand, if PDD does an upward breakout from the Triangle in the 1h chart, the next resistance is the target, which is at the green line ($ 152.06). This is also a pivot point , and the trigger of an Inverted H&S chart pattern , as evidenced by the green area. If triggered, this pattern will officially reverse the trend in the mid-term , and PDD would have a first target at $ 188 , and it could go even higher, above $ 200. Since PDD is dropping with low volume , this makes me wonder if this bearish movement will have the strength to persist. Either way, we must keep watching PDD closely, and if you liked this analysis, remember to follow me to keep updated with my daily studies, and please, support this idea with your like! Thank you very much!
NASDAQ:PDD
by Nathan_The_Finance_Hydra
5
TSM looking to complete Inverted Head and SholdersTSM Looks to be about to complete an Inverted Head and Shoulders pattern on the 4hr time frame. A break of the trend line and hold should be a good entry. A break of 123.50 would be the super safe entry. Neckline to head is roughly 13pts, so the expected move from the neck to completion should be the same which would put our High End Price Target at roughly 134(right near a resistance) with 126.50 being our intial price target. Currently a safe contract would be a June 18 2021 Call, strike dependent on your capital and risk tolerance.
NYSE:TSMLong
by S_dot_Trades
Bitcoin inverted head and shoulders patternBitcoin formed an inverted head and shoulders pattern on H4 view. Usually, it is considered as bullish in 50% of cases as patterns work better on daily view. My target is 74K, however we performed 6 months of bullmarket in a row, which never happened since 2012. 7 months never happened since 2011. We could also see a retracement this month but we have more liquidity with institutional investors and higher market capitalization with more billionaires in the game.
BITSTAMP:BTCUSDLong
by Nugacity_Fracedinous