Get started

Invertedheadandshoulders

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
Ascending Triangle breakout for TNY?TNY has found bullish support at the blue upward sloping line multiple times since April 2020, potentially forming an Ascending Triangle. On the RSI we see a similar pattern as the price, there was a little fake-out that occurred recently but disregard that deviation. On the DMI there's been a bullish cross. Also, worth noting, the red downward sloping resistance that has rejected the share price consistently since Aug 2018, was broken to the upside in June 2020, and every time it's been back-tested since it has acted as support, turning old resistance into new support, inherently bullish. One co-packing announcement or large Beckett's purchase order through Costco, Kroger/Ralphs, or BevMo! should break this ascending triangle pattern flush to the upside, time will tell. Possibly an inverted H&S in green, with the human body icon being the head.
CSE:TNYLong
by ScotianBot
NIO: Keep your eyes open to these signs!Hello traders and investors! Let’s see how NIO is doing today! It seems it found a resistance level at the blue line ($ 59.15), which is a Key Point for the short-term, as it could work as a bullish Pivot Point , leading to a reversal in the mid-term. We also might have an Inverted Head and Shoulders chart pattern in the hourly chart, and although the neckline was already defeated, the confirmation will come when the $ 59.15 will be defeated. Now, the daily chart: In the daily chart we see that NIO lacks volume , and it’ll only start a new good upside movement when the volume increases again. We are still near a support level, the $ 57.20, and the 21 ema. If NIO triggers the right signs, it could hit the $ 66.95 again, but have yet to see any confirmation. NIO is in a crucial moment, and it deserves a special attention. If you liked this analysis, remember to follow me to keep in touch with my updates, and please, support this idea if it helped! Thank you very much.
NYSE:NIO
by Nathan_The_Finance_Hydra
10