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Invertedheadandshoulders

Bulls Losing Strength Mid-Day on SPYThe bulls failed to capture 338 which had become an important intraday level for them. After rejecting for the 3rd time, that's all the bears needed to hop in. Since then the bears have maintained their control but they have work to do if they want to take us negative for the day. Price action will likely remain volatile through close but I don't expect the bears to have enough in them to take us negative before close. Right now the market is looking like its favoring a Trump win. I am completely unbiased and my assumptions are purely based on price action of the market, commodities, and currency. So far it's been Solar having the hardest time trying to understand what it wants to do. AMEX:SPY
AMEX:SPY
by jakelikesstocks
1
Bulls Are Showing Up on Election DayToday we've seen an impressive case for the bulls on that last day of the Election. This has been a great performance from the bulls as they continued to push price higher and higher with little resistance from the bears until we hit 338, about an hour into market open. Bears gained a little control as bulls rested and look to be preparing another rally, trying to break through the 338 resistance. I'll update this chart throughout the day as we head into one of the most important elections in our history. AMEX:SPY
AMEX:SPY
by jakelikesstocks
3
Dollar Inverted Head and Shoulders into Possible Cup & HandleHere we have several bull patterns on the dollar futures. First we established and broke out of a bull pennant, Then we moved onto another bullish pattern, inverted head and shoulders, and now we've developed a cup. Is this a handle that formed on the cup? Whichever way you look at it, this is very bullish price action on the dollar. What I'm looking for is the price to break through resistance and into the blue channel while flipping the resistance into support and ultimately capturing the top of the blue channel. ICEUS:DXY
ICEUS:DX1!Long
by jakelikesstocks
IOTXUSDT created an inverse head and shoulder 🦐IOTXUSDT created an inverse head and shoulder on weekly support, and now the price is testing daily resistance. IF the price will break the resistance and flips into support According to Plancton's strategy, we can set a nice 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
AMZN: Key Points to keep an eye on!Hello traders and investors! Let’s see how AMZN is doing, and what are its most important key points to keep in mind! First, we have the green line at $ 3,277, which was a previous support, and it worked as a resistance today, thanks to the Principle of Polarity in Technical Analysis. Also, it has a strong support at the black line, around $ 3,125. If we see a breakout from any of these points in the short-term, we could see a stronger movement on the daily chart: Here, the most important key point is the green line at $ 3,225 , as it is the Neckline of the Inverted H&S chart pattern. Amazon is doing a pullback to this support level, and if it closes above this point, would be a sign of strength. This could lead the stock to retest the resistance in the hourly chart again, or even defeat it, and lead AMZN to $ 3,496 again. On the other hand, if AMZN closes under the neckline, it’ll retest its support levels, like the black line mentioned in the hourly chart, and the blue line at $ 3,088 in the daily chart. There are no supports below these levels other than the red line at $ 2,887. The 21 ema is flat, and it is going to release its Earnings in 3 days . I believe this will bring volatility to the stock, and usually, this means opportunity. The bull trend is weaker on the Nasdaq Index, and maybe this will affect Amazon as well. But so far, the stock is just doing a pullback, and I see the neckline at $ 3,225 as the most important point for AMZN right now. Also, if you like this analysis, please, support it ! And follow me to keep in touch with my daily analyses. Have a great Monday!
NASDAQ:AMZN
by Nathan_The_Finance_Hydra
3
BTCUSDT | Inverted Head and Shoulders bullish patternBitcoin has shot around $1 500 higher over the past week, reaching a weekly high of $13 200. The price of the leading cryptocurrency has dropped slightly to $12 900 as of this article’s writing, just shy of the highs and the pivotal $13 000 resistance level Three Fundamental reasons why Bitcoin is moving higher The global markets are pricing up in an expectation of democratic win for the Presidential Election of 2020. Analysts say that this will ensure that there is more fiscal stimulus coming, which will result in the devaluation of the U.S. dollar and a relative rally in the price of Bitcoin. More institutional capital continued to flood into Bitcoin and this market this past week. U.K. fintech company Mode revealed it would deploy some of its cash into BTC. Also, Grayscale Investments shared it has seen massive institutional investment after already reporting a record quarter of over $1 billion in investment. PayPal confirmed its support of cryptocurrencies this week with an intent to support the purchase and sale of top coins like Bitcoin, along with digital asset payments. There are also rumors that the company is looking to acquire crypto firms, namely BitGo. Are there any technical confirmations? We can see at the short-term timeframe chart Bitcoin price broke down ascending trend line which resulted in sideways trends shift. Afterwards the price action attempted to break it above but got a rejection. Within this day Bitcoin has consolidated and finished Inverted Head and Shoulders (IHS) pattern at the psychological level of $12 900 which is also at the top of the Bollinger channel. Conclusion Taking into account both Fundamental and technical sides we can sum up that there is a very high probability of Bitcoin price continues upward movement till the end of October. Hedge your positions with tight risk management settings. Our next target is FIb 1 level which is around $13 250 zone
COINBASE:BTCUSDLong
by Skyrexio
5
AMZN: What to do if a pullback occurs?Hello traders and investors! Let’s see how AMZN is doing today! The trend is clearly bullish , the 21 ema is going up, and it is above the yellow line, which was a previous resistance for the stock. Today is moving sideways, it seems a healthy time correction , letting the 21 ema to approach the price. It seems AMZN is resting a little before it fills the Breakaway Gap (Sep. 3). We may have a Pennant chart pattern ; an upwards breakout could lead AMZN to new highs. On the other hand, if we see a downwards breakout, we may see a pullback. The targets for a pullback can be seen better in the daily chart: Keep in mind that AMZN just triggered an Inverted H&S pattern , and the target for this pattern is the All Time High. But a pullback triggered by the Pennant in the hourly chart could lead AMZN to the 21 ema or to the 3,225 again, and the trend would still be bullish. When we talk about H&S patterns, studies reveal that pullbacks occur about 2/3 of the time after the pattern is triggered. It left a gap on Monday, which we still can’t be sure about what type gap is , so let’s keep this point in mind as well. Yesterday’s candlestick was very bullish, and the volume was pretty high. I wonder if this is an Exhaustion Bar after an Exhaustion Gap . Either way, pullbacks are acceptable and even desirable. If you liked this analysis, please, support it! And follow me to keep in touch with my studies and updates! Let’s watch AMZN closely from now on! My best regards.
NASDAQ:AMZN
by Nathan_The_Finance_Hydra
8
ZECBTC is creating an inverse head and shoulder 🦐ZECBTC is creating an inverse head and shoulder and the neckline is the weekly resistance. IF the price will break the weekly resistance with volume and flip the resistance as support According to Plancton's strategy, we can set a nice 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
3
Inverted Head and Shoulders on GBP/USD at the end of WeekAt the end of the trade week 10/4 We can see GBP/USD approaching and breaking above a key level of resistance with strong bullish sentiment. After a consolidation and breakout at a key level of weekly/daily support GBP/USD looks like a promising buy set up and and a textbook inverted head and shoulders. Note: We trade reactively to the market with actions driven by confluence of analysis, allowing ourselves to enter the market when the market makes an opportunity available for us. Tell me what you think GBP/USD Will do this week in the Comments! Happy Trading Week! -J
0
by JHair20
GJ Is In A Deciding Phase...GJ has been rallying major steam for the bulls. I predict movements upwards towards a strong Weekly Key Level after the breakout of the top boundary in the 4HR Channel. Every time a reversal has occurred, its been very easy to read in this channel. I drew 2 possible scenarios for GJs upcoming price movements. For scenario 1 I see price going for a retest of the 4HR Trend Resistance. I expect some type of pullback before the bigger moves to the upside. For scenario 2 I predict price to fail the 4HR Trend Resistance retest, then form a possible double top. If that occurs i predict price drop to 136.75 first, then a possible attempt towards the lower 4HR Trend boundary. I have nothing but patience for GJ, so we will see the outcome soon. Thanks For Reading! Comments Are Welcomed Likes Are Appreciated!
by lobfxempire
3
USDCAD POSSIBLE INVERTED H&S !Hello Dear Traders, here is the full UPDATED Analysis / Breakdown for USDCAD WILL YOU FOLLOW ME??? HIT THAT LIKE AND FOLLOW BUTTON! A like & a Follow or comment is a Free way to Show your support! Conditions - 1.Wait for confirmation(Wait For Price Action Confirmation / Market Environment Change ) 2 .Use Risk Management (Risk 1% of your capital) 3.Do your Own analysis! 4.Follow for more Analysis like this! Your Support is Appreciated! See You in the next Educational Video / Analysis #likeandfollow
Long
by Global_Fx
1