Daily iH&S. Can XRPUSD confirm today?!If XRPUSD can close today’s candle at or above $0.34 - $0.35, that would appear to be a confirmation of the long building iH&S! The rest of today will be big for how it plays out. Let’s see what happens. Onward!
Invertedheadandshoulders
Is GME trading in another GIANT Ascending Triangle???It appears as though another Ascending Triangle is forming for GME, notice the series of higher lows at the upward green sloping line of support, it's interesting to see a bounce off of the old resistance of the previous Ascending Triangle in blue, inherently bullish.
There's merit for an inverted H&S pattern as well, the green human icon is the head of the pattern.
The RSI is displaying higher lows coinciding with the price action, and there's noticeably a bearish divergence that started Jan 25th, 2021. There has been a slight deviation where I've placed the blue sideways pointing finger, but their downward sloping resistance creating a series of lower highs has been pretty accurate, despite the price increase and choppy sideways price movement. The RSI has cooled off a little potentially indicating further upside action....
On the KST it's pretty neutral and I wouldn't be surprised to see a bullish cross next week where I've placed the blue finger.
PLTR: Should we worry about it?Hello traders and investors! Let’s talk about PLTR today!
The bull trend is very strong here, but is there any reason to worry about PLTR? Let’s see. First, I would use the black line at $ 33.50 as a guide , because if PLTR trades under it again, we may see a pullback ahead.
What’s more, if it loses this black line tomorrow, it’ll trigger a bearish pivot and a H&S chart pattern . The 21 ema worked as a resistance in the last few hours too, so this wouldn’t be a good sign for the short-term.
Let’s see if the daily chart has something else for us:
PLTR triggered an IH&S recently, when it defeated the black line at $ 28.07, and it did a powerful Ignition Bar, above the 21 ema, with good volume.
Now, despite the bearish signs in the hourly chart, I wouldn’t be too concerned here. See why the $ 33.50 is important? It was the previous ATH in November, and according to the Principle of Polarity , it is supposed to work as a support right now.
What’s more, even if PLTR loses this black line, the 21 ema is getting closer to the price, and this would be another support level, limiting the intensity of a sharper pullback here.
Also, the sudden increase of the volume is another very good sign, as the volume is the fuel to a trend. If we were having a sell-off, PLTR would drop with high volume. Since last month, I think PLTR is a nice buy, and you can check my previous analysis if you want, the link is below as usual.
And follow me to keep in touch with my daily studies, and please, support this idea if you liked it!
Thank you very much!
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Inverted Head and Shoulders Definition:
A head and shoulders pattern is also a trend reversal formation.
It is formed by a Valley (left shoulder), followed by a Lower Valley (head), and then another Higher Valley (right shoulder).
A “ Neckline ” is drawn by connecting the highest points of the two Peaks. Neckline resistance does not need to be strictly horizontal.
This illustrates that the downward trend is coming to an end .
When a Head and Shoulders formation is seen in a downtrend, it signifies a major reversal .
The pattern is confirmed once the price breaches the neckline resistance .
In this example, we can easily see the head and shoulders pattern.
How to Trade the Head and Shoulders Pattern :
ENTRY:
we put an entry order above the neckline.
TARGET:
We can also calculate a target by measuring the lowest point of the head to the neckline.
This distance is approximately how far the price will move after it breaks the neckline.
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📚Learn More💰Earn More - Inverted Head and Shoulders in USDJPY📚 LEARN MORE
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Inverted Head and Shoulders Definition:
A head and shoulders pattern is also a trend reversal formation.
It is formed by a Valley (left shoulder), followed by a Lower Valley (head), and then another Higher Valley (right shoulder).
A “ Neckline ” is drawn by connecting the highest points of the two Peaks. Neckline resistance does not need to be strictly horizontal.
This illustrates that the downward trend is coming to an end .
When a Head and Shoulders formation is seen in a downtrend, it signifies a major reversal .
The pattern is confirmed once the price breaches the neckline resistance .
In this example, we can easily see the head and shoulders pattern.
How to Trade the Head and Shoulders Pattern :
ENTRY:
we put an entry order above the neckline.
TARGET:
We can also calculate a target by measuring the lowest point of the head to the neckline.
This distance is approximately how far the price will move after it breaks the neckline.
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
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EXACT projection in artwork + mathematically possible in ETHTechnical analysis regarding the price of ETHEREUM in relation of dollar Binance for the next scenarios, based on 4 hour movement.
The price formed an inverted Shoulder-Head-Shoulder graphic pattern (bullish pattern) and, if we take Fibonacci and project from the beginning of that leg kick, the target perfectly matches the size of the projection from the beginning of the neck line to the head. It is a beautiful thing to observe, with mathematical principles that can be respected!
Price above the Exponential Moving Average of 34 and 89 periods and both moving away from each other.
disclaimer
*** This is not a recommendation to purchase and/or sale. It is for educational purposes only. ***
USDCHf on an inverted h&s? 🦐USDCHF after hitting for a new test the resistance at 0.89200 retraced back creating a possible inverted h&s pattern.
If the market will move for a new test of the neckline and break above, we will set, according to Plancton's strategy 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.
IOTAUSDT seeing some follow through buying. Next Level to watchBeen watching this setup unfold for a bit now.
Seeing some follow through after breaking that tough 0.43 level on a daily closing basis (would love to see the weekly close too).
Flip 0.49 and odds increase of a run to a measured move from this huge inverted H&S pattern.
Ethereum in Inverted head and shoulders!Ethereum is currently in clear one hour inverted head and shoulders pattern, which has bias to to break to the upside.
A break of $1,150 will confirm further gains to $1.280.
Good luck!
Inverse Head and Shoulders on EthereumETH is currently plotting an inverse H&S pattern, with 10% gains possible targeting the $1,150 area.
⚠ Proceed with caution as BTC is currently very volatile so could invalidate this pattern. ⚠
Inverse Head & Shoulders on EthereumETH is currently plotting an inverse H&S pattern, with 10% gains possible targeting the $1,150 area.
⚠ Proceed with caution as BTC is currently very volatile so could invalidate this pattern. ⚠
Bullish Crab Inverse Head and Shoulder XAUUSD BULLISH CRAB PATTERN, INVERSE HEAD AND SHOULDER PATTERN
Market Buy Order Set Up.
Buy Entry: (1843.47)
Take-Profit 1: (1871.47)
Take-Profit 2: (1904.96)
Stop-Loss: (1821.38)
Max Risk-Reward: (2.78)
Smash a Like button and leave a Comment, I appreciate every support. Goodluck.
ZILUSDT strong pullback trapping bears?... Next leg is up?Potential breakout setup playing out nicely so far.
Those who sold that sudden pullback (previous candle) could fuel the breakout once they realize what's happening...
Hang on to your seats, folks. :)
I still think the bulls are in good position as long as we don't see any lower low price action forming.
Bull Flag breakout for HIVE!!Hive has consolidated into a bullish flag over the past several weeks and is currently breaking the downward sloping resistance of the pattern to the upside.
On the KST there's a noticeable bullish cross.
On the RSI we're seeing higher highs and higher lows forming an Ascending Triangle.
There's merit for an Inverted H&S as well, see the chart below attached.
ALGO over .5047From a purely technical perspective this is a very bullish chart. Inverted head and shoulders looks like it wants to retest at least recent highs, perhaps ATH.
Head and Shoulders Pattern EJ 1/03/21Price has created and inverted Head and Shoulders pattern. While doing so it price was launched upwards with two impulse moves. Waiting for a retracement of 50% to retest the neckline and if that happens a 4 hr bullish pattern may signify an entry!!!
Just some playful targetsI drew some lines and made some shapes that I've seen done before on the internet. Will be fun to come back in 2021 and late 2022, and see what happened.
inverted head and shoulder on tata powerits not perfect but as forming on horizontal boundary can consider it.
paper trading
as we miss accumulation we are conservative on position sizing
sl will be 49 on weekly closing i.e. if it break 49 on daily come out and close above 49 then re-entry as
we don't know how much fall will be there with volume so this way we are safe from high speed fall.
target is all time high. so be ready with patience as it will take long to hit.
becoz it took almost 1 year to form
be patient eventuallylong term wealth will be generated.
avoid news
inverted head and shoulder anticipationbreakout above 525 on weekly basis
sl 416
target 839
accumulate till 462
be conservative its anticipation till breakout occurs
on weekly basis
make volatility friend
SEDG over 294.00Whether or not we get a rotation back into solar, this chart looks set up for a breakout over this level. Looking at this on the hourly, there was a larger move that was given back that you can also see on the daily upper shadow. As this has found support at the fib, I think this hints at future movement.
$XAGUSD - Inverted H&S and important breakoutHi guys! 👋🏻
🔔 Silver confirmed an important brekout from the descending channel.
🔔 A pattern to watch here is - Inverted Head and Shoulders
🔔 Biden will push the stimulus bill as Covid cases in the US hit new record highs. It's time for gold and silver to shine again.
🔔 Currently, silver is testing the neckline, might retrace a bit and later continue the uptrend.
✊🏻 Good luck with your trades! ✊🏻
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