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Invertedheadandshoulders

CCL: Buy, sell, hold or wait? A Triple Time Frame Analysis.Hello traders and investors! For the first time, I’ll do a public analysis on CCL. This stock is starting to get very popular (the 8th most active stock in the US today), so, let’s talk about it, and do a complete Multi Time Frame Analysis (MTFA) by looking the hourly, daily and weekly charts, and in the end, we’ll see if CCL is a buy or not. First, in the 1h chart we have a breakout from the previous resistance level at $ 28.19 (green line), and the trend is still clearly bullish. At any moment CCL did lower lows, although it did a quick congestion last week, with no new highs. Maybe we had something like a Cup and Handle , and if that’s the case, more upside will come. But now, the 21 ema is pointing back up, and it is defeating the previous resistance. Now, let’s see the daily chart: The volume increased a lot during the last bullish leg, which is a true sign of buy force. We could see a pullback to the 21 ema or to the green line at $ 24.38 and this wouldn’t ruin the bull trend, and only then we could see an opportunity to buy. What’s more, CCL did an Inverted Head and Shoulders chart pattern, which is interesting to notice. Now, let’s see the weekly chart: The trend is very strong here, and the $ 25.01 could work as a support level in the weekly chart. If you are looking for swing or position trade, this is the point where you should buy. But now it feels like it is a little late to buy. For instance, I gave a call to the members of our community in my weekly newsletter a buy call when it did the “ Gift ” pattern seen in the chart. That was a good point to buy. Now it is going up almost 40% since then, so keep in mind that if you want to buy it, you may buy from those who want to book their profits and re-buy near a support level. Now it is not the time to buy, neither to short, but to manage positions, and if you are out, just wait for a better opportunity and never buy near top levels . So far, there is no sell signal in CCL, so if you are in, you may just hold it. If you liked this analysis, remember to follow me to keep in touch with my daily updates, and please, support this idea if it helped you! Be careful and take care.
NYSE:CCL
by Nathan_The_Finance_Hydra
6
GBPNZD long trade ideaPlan: wait for the price to bounce off support level/demand zone --> 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
4
$EURUSD - Inverted Head and Shoulders and a Golden crossHi guys! 👋🏻 🔔 German GDP reported recently shows that the country’s economic recovery plan is going under the plan. German GDP QoQ for the fourth quarter reported is at 0.3%, closing above the forecasted 0.1%. 🔔 As in the EURUSD pair, Euro still looks stronger than the US Dollar, the last is in a downtrend again and is already below 91. The postponement of the stimulus check, military drills in the South China Sea and the recent quote from Schumer about lawmakers drafting a bill to outcompete China could place the US Dollar in a weaker position, despite the positive outlooks from the FED. 🔔 The EURUSD chart is about to confirm the Inverted Head and Shoulders pattern, which will signal the bullish run of the Euro up to $1.23400. 🔔 Euro is still testing the resistance at $1.21660 and if the pair is able to close above this level and the $1.2777 resistance up ahead, this will be a confirmation of another hike. The correction of the last impulse has ended on at 0.5 Fibonacci level, however the price action after the correction has no signs of an impulse wave, hence the pair could possibly test $1.21256 and $1.21118 before going into another bull cycle. 🔔 If the correction continues look for this Harmonic Bat formation ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
Long
by azizelliott
EURUSD Bullish ForecastThis pair was analyzed with multi timeframe analysis and zooming out on EU, it looks quite bullish and I am forecasting further upside. Yes, I understand that we are at (and potentially rejected off) a critical resistance level but we are also in a corrective structure projecting a bigger move to the upside. While looking at DXY, we have the exact opposite, where we have a Bearish Structure currently consolidating for further downside. Some confluences to support this idea: Inverted Head & Shoulders pattern formed Counter-trend of Daily Bearish Structure with Break & Retest Daily Bullish Wick that should normally be filled Previous COT data shows an increase in longs. New data will need to be reviewed when released. Potential formation of weekly ICI pattern Potential formation of new Daily Bullish Structure The first step in order to validate this idea, will require a clean break above the resistance zone around 1.22. Let me know your thoughts. Trade Safe! HEET ps. I generally post alot of updates as the idea/trade evolves. If you want to stay updated, please click the "Follow this idea" button.
Long
by AfterlifeTrading
2
PLTR: Giving us a Technical Analysis class!Hello traders and investors! Let’s talk about PTR today! We have multiple technical points to discuss here. First, in the 1h chart we have a classic Inverted Head and Shoulders chart pattern, which is usually a reversal sign. The Pivot Point is at $ 30.18. Now, it is doing a pullback to the 21 ema, and we’ll see how it’ll behave from now on. What’s more, we had another classic chart pattern called Island Reversal , which is usually a strong sign, as long as it is not frustrated. Now, let’s see the daily chart: In the daily chart we have a classic candlestick pattern called Morning Star, which is interesting. Every Morning Star is at the same time an Island Reversal pattern in smaller time frames. The volume increased a lot in the past few days, but the problem is that right now the stock just found a resistance at the 21 ema, which can make things difficult for PLTR. In fact, in the daily chart, it barely hit the 21 ema and now it is doing this Dark Cloud Cover candlestick pattern. Let’s proceed carefully on PLTR, as we have bullish and bearish patterns, the question is, which side do you think will prevail? The bulls or the bears? Remember to follow me to keep in touch with my daily analyses on stocks and indices. And if this idea helped you, please, support it ! Thank you very much!
P
by Nathan_The_Finance_Hydra
10
Rising Wedge / Ascending Channel for Ethereum?It appears as though Ethereum is trading in in an Ascending Channel or possibly a Rising Wedge, the price is staying inside the channel except for one deviation that was very short-lived, I'd disregard that price movement because the overall pattern is more important. I have placed a blue human head and body icon to represent the head of an inverted H&S pattern. On the RSI there's possibly an Ascending Triangle forming. On the DMI there's been a bullish cross where I have placed the blue finger icon.
BITSTAMP:ETHUSD
by ScotianBot
VTHO - Inverted H & S Pattern - Waiting for ConfirmationHello Traders, It looks like we have an inverted Head and Shoulders patter forming the hourly. As well as a triangle forming on the hourly. I’ll be waiting for a breakout to the upside for confirmation that it is in fact forming the rest of the right shoulder and also breaking above the triangle trendline. Targets: Retesting the .008, .009 and if we can break the .01 range maybe we’ll see it pass it’s original high of .013 range. Good luck!
Long
by MarkStPeter
5
Getting ready for huge breakout BINANCE:VETBTC VET is one of the coins that hasnt pumped that hard comparing to the others btc pairs. BUT, we have a clear inverted H&S pattern on the 3D chart with a neckline area at 96-100 area. If VET manages to close above this area the pattern is very likely to be played out and lead to huge breakout and finally reversal for that coin. We also have a bullish crossover on the Weekly MACD and rising daily volume pointing that bulls are in favor. Areas of potential selling interest are marked on the chart with red Also some rumors for new listings and partnerships will help too from the fundamental perspective. Happy trading to y'all
Long
by aleXChas7
12
NIO: Making very precise and technical movements!Hello traders and investors! Let’s see how NIO is doing today! First, NIO did what it should’ve done: Triggered an Inverted Head & Shoulders chart pattern, as we already discussed in my last analysis (Jan 8, link below if you missed). It hit the previous resistance at $ 64.45 and now it is to the blue line again - all with astonishing precision. This movement is not scary at all, as IH&S have a pullback rate to the neckline of roughly 66% of the time. But the question is, if NIO will resume its bullish momentum, or if it’ll engage in a bear trend from now on. Let’s see the daily chart for more clues: The thing is, NIO is still accumulating, and a pullback to the 21 ema is expected. The volume increased when NIO started to climb up, but it is decreasing during this drop, which is something worth to notice. So far, we have no clear reaction here, but we might see one soon, otherwise NIO will just drop to the $ 57.20 or 21 ema again next . If NIO is up or down, the chart will give us more clues soon, so it is important to monitor NIO closely from now on, as it is at a decisive point. If you liked this analysis, remember to follow me to keep in touch with my updates, and support this idea if it helped! Check my other analyses if you liked my style, I'll leave some links below. Have a great weekend, and a nice Holiday! See you Tuesday.
NYSE:NIO
by Nathan_The_Finance_Hydra
19