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Invertedheadandshoulders

Nifty Forms Inverted Head & Shoulders (Bullish Reversal)Nifty Forms Inverted Head and Shoulders and now we may be ready for a good 500 points move on Nifty as long as we hold 14800 The Neckline is at 14830 and we have clearly seen it to be Point of Control (as per Order Flow Analysis) Buying seems to be happening and now on Monday as long as we start positive and break 15000 levels, markets are ready for a good upmove of 500 points. Monday we have TCS results and it is expected to be good and we may see breakouts in IT stocks as we are at all time high for most of the stocks.
NSE:NIFTYLong
by sreeharshasp
RIDE Inverted H&S? - intraweekNOT FINANCIAL ADVICE - OWNER OF TOO MANY SHARES @ $12.72 PER SHARE Short-term target (next week or so) of low $13 range (based on horizontal support). Appears to be an Inverted-H&S but on such a low timeframe it's not very likely. Aside from amazing fundamentals and probably the best chance of any current EV startups to provide the answer to BOTH fleet service vehicles and private consumers alike, the upward channel provides some additional hope in terms of current technicals. (Head & Shoulders Pattern) thepatternsite.com
RLong
by rolledchange
$RMO PT 30 and higherRomeo Power, Inc., an energy storage technology company, designs and manufactures lithium-ion battery modules and packs for commercial electric vehicles in North America. The company operates through two segments, Romeo Power North America and Joint Venture Support. It also offers battery management systems; and design, research and development, and other engineering related services. Romeo Power, Inc. was founded in 2014 and is headquartered in Vernon, California.
RLong
by UnknownUnicorn19246015
GBPCAD on an inverse h&s? 🦐GBPCAD is creating an inverted h&s below a minor resistance zone, with the head on the 0.618 fib level and the shoulders on the 0.5. According to Plancton's strategy if the price will break above and the conditions will be satisfied we will 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
22
SNDL: The most important Key Points we must keep in mind!Hello traders and investors! Let’s talk about SNDL again! Since our last study, it hit our target at $ 1.25 and it lost this price level, which now seems to be working as a resistance. If you missed our last analysis, the link to it is below this post. Ok, SNDL didn’t react around the $ 1.25, and it retested it as a resistance, following the Principle of Polarity , and we have lower highs/lows in the 1h chart. What’s more, it seems we have a purple trendline guiding the past top levels, while the 21 ema works as a resistance zone as well. Probably the trendline and the 21 ema are the most important key points for both, short and mid-term. All of this is a clear statement that the trend is still bearish , and we have yet to see a clear reversal pattern. Now, let’s see the daily chart: The idea of an Inverted Head & Shoulders pattern still exists, but it gets weaker as the time passes and SNDL doesn’t trigger it. It did a Piercing Line pattern (as evidenced by the blue square), but if the price loses it’s low, then the $ 0.95 is the next target for it. We must see a good reversal pattern in the 1h chart before we see it reversing in the daily chart as well, but it seems SNDL is in a very delicate situation and whatever if it is bullish or bearish, we’ll have our answer very soon. Remember to follow me to keep in touch with my daily studies, and if this idea helped, please, support it with your like! Thank you very much!
NASDAQ:SNDL
by Nathan_The_Finance_Hydra
6
AAPL: Near a decisive point! Will it reverse the trend?Hello traders and investors! Let’s talk about AAPL today! First, in the 1h chart, AAPL triggered a Double Bottom chart pattern, just above the support at the black line ($119.79 area). The peak between the valleys of the pattern is the red line around $ 121, which is the exact same point where AAPL found support today. This is not by chance, as it is according to the famous Principle of Polarity , which we talk about a lot here in our studies. But if AAPL loses the red line, then the black line is the next target again. If AAPL starts a reversal at this point, it’ll be a great sign, not only because we have a clear support level in the 1h chart, but because the daily chart looks good as well: The thing is, AAPL recently hit a support level around the $ 120, and it is trying to recover. The main challenge is the 21 ema , which is pointing down, reinforcing the idea of a bear trend. But we have something that could work as an Inverted Head and Shoulders chart pattern, as evidenced by the greenish area. Of course, AAPL didn’t trigger this pattern, and it is too soon to say it will, but if we see any good bullish pattern this week, surely the odds of this scenario would increase. This could be a nice reversal point for AAPL, but we must wait for more confirmation . Meanwhile, remember to follow me to keep in touch with our daily studies and updates, and if you liked this idea, r emember to support it with your like! Thank you very much!
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
Descending Triangle for BTC?!?!Since my previous chart on Bitcoin linked to this chart, we've seen BTC break-down from an Ascending Triangle after multiple fake-outs to the upside breaking the horizontal resistance; the green upward sloping support has been lost for the being, but is the recent price action merely another fake-out, but to the downside instead? Well, only time will tell, as for now, I can notice a Descending Triangle forming, and on the RSI there is a similar pattern. On the KST there has been a bearish cross where I've placed the red downward sloping finger. It's possible this pattern plays out as a Bull Flag as well. There's merit for an Inverted H&S pattern, the blue head icon would represent the head of the pattern, and the right shoulder would be the Descending Triangle pattern, but it would obviously have to play out bullishly to the upside as a bull flag for the inverted H&S to occur.
COINBASE:BTCUSD
by ScotianBot
SNDL: Heading to the $ 3.96? Maybe, with 1 condition...Hello traders and investors! Again, SNDL hit the target we mentioned in our last study. Let’s see how it’ll behave now. First, SNDL did a false breakout from the $ 1.64, and it hit our target on the same day of our last analysis, at the $ 1.47, which was a nice target to aim for, for several reasons. The link to my last public analysis is below, as usual. Then, SNDL bounced back up to the $ 1.64 again, and it dropped. This reinforces the idea that the $ 1.64 is the most important point to keep in mind . And it is not by chance that it is the strongest resistance, and you’ll understand why when we analyze the daily chart. But for now, keep in mind that SNDL is doing lower highs/lows, a trait of a short-term bear trend, and it seems it is heading to the $ 1.25. The earnings report did bring some volatility, but nothing as most people expected. Usually, new traders believe that the price will crash when the earnings are supposed to be bad. These people simply don't know how to apply game theory in their strategy. Now, to the daily chart: The $ 1.64 is the strongest resistance because it worked as a previous top in the past, and above it, there are no other meaningful resistance levels until the $ 3.96. This is why the $ 1.64 has such an important psychological meaning for SNDL. In addition, the $ 1.64 now is a neckline, of a possible Inverted Head & Shoulders chart pattern (green area). This reinforces the idea that if SNDL defeats the $ 1.64, we’ll see it at $ 3.96, as this is the technical target for the IH&S. The only thing we need to watch right now is if we’ll see any good candlestick/chart pattern around the $ 1.25 in the 1h chart, as this could trigger a reversal in the daily chart. Every week I do one public analysis on SNDL, and if you want to keep in touch with my insights, remember to follow me ! And if this idea helped you, please, support it! Thank you very much!
NASDAQ:SNDL
by Nathan_The_Finance_Hydra
19