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Invertedheadandshoulders

US 30 Inverted H&S suggest completed first wave in Primary CycleDetails in chart. The inverted Head & Shoulders is highlighted with cups, but you really can't miss the big red candles. Gonna get a huge bear flag from this, IMO. Closed my shorts early, but never sorry to give the other guy the last dollar. Reactionary wave should appear within a few days rising from oversold condition. IMO this rascal is gonna pop up hard from here and give us a hellacious bear market rally, following a washout low on Monday, shown by small arrow down, large arrow up. Should rally until early September, when it again reaches overbought condition, provoking the next and larger down wave in a 5-wave Elliott impulsive negative trend. The inverted H&S is crystal clear and strongly suggests we're in for a monster wave 2, like those power peaks we saw in November and December before the big break. Credits to Hungry Hippo for a similar idea in which he better describes oversold and RSI, MFI, etc. Will NOT go straight down, folks! Trade at your own risk, this isn't investment advice; GLTA!
DJ:DJIShort
by DaddySawbucks
38
CAD/CHF INVERTED HEAD AND SHOULDER PATTERN!!Price Action (Technical Analysis): Spotted a potential Inverted Head and Shoulders Pattern at Key Support Zone while in an Oversold Market in Weekly Time-Frame. We have a Bias that price needs to press up due price pressing down to Weekly low in this Triangle Trend (Weekly Time-Frame). Our last resort to continue this idea would be price rallying at the 61.8%, once price breaks and closes below.. Trade is invalid and we will wait for more suitable market conditions for our next advanced pattern breakout. Fundamental Analysis: None.
Long
by RiosTrades
BTG Long Term Inverse HS coming into play/ Consolidation phaseBTG has been forming a long term Inverted HS over the coarse of the past year, currently found a nice support ~18 dollar mark, but definitely has room to move down into the lower 17 dollar range. BTG isn't necessarily a smart Long ATM. I suggest continued TA, as BTG moves sideways between ~17-19 ranges as a considerable drop from Bitcoin (down to ~8.7k) could easily invalidate these charts at this point. NOT AN EXPERT, DISCLAIMER!!! I saw this forming and nobody had been discussing it yet, so i thought id bring some light to it. As Always, DYOR and Good Luck
B
by CapitulationCalls
4
Short term long for BTC Back up to retest ~12k resistanceBitcoin forming Inverted HS on the 30 minute charts: Could possibly see a rebound off the ~9,650 Dollar mark back to retest ~12k Resistance levels. If Inverted HS plays out i see the the 11,800 being touched before falling back to to the 9.2k range. If pattern doesn't play out most likely dance around the ~9,200-9,600 range before heading back towards 8.7k and lower. NOT AN EXPERT, DISCLAIMER!!! As Always, DYOR and Good Luck.
BITFINEX:BTCUSDLong
by CapitulationCalls
3
CADJPY long- inverted head and shouldersI have been waiting for this move on CADJPY for weeks and I hope we are finally about to see it happen. Daily price action is telling us momentum is still with the bulls. Now on 4H we have seen price break out of our resistance zone completing an untidy inverted head and shoulders pattern. EMAs looking good on all significant timeframes. I have entered a long position on the retest of this zone at 82.70 with a stop loss of 30 pips and take profit of 120 pips. 4:1 risk-reward ratio. New Instagram account @andy.fxtrades. Will be posting regularly on there also, all follows and support is appreciated!!!
Long
by andrewlickley
#bitcoin H4 Retest or Weakspot?After last night´s baby dump below Monthly Pivot level, it is now in question if this is the proper Retest I was mentioning before, OR if this is the weak spot where we will break down. Big question mark. This did not yet change my mind, but I am going to re-adjust my plans if today´s outcome is as uncertain as this iHS was since 19/7 (Weak right shoulder, a downsloping neckline,...). Volume remains very bad, which is usually not a super good sign for a typical reversal bottom pattern, what so many hoped this will be in order to bounce off and rise. We are still above SMA50 on this H4 and we are on the "necklines" support. Indicators heated up a bit and cooled down now. Room for bigger movements is definitely there. Both ways. This Sunday is watch and see. Good time to relax :) _____________________________________________________________________________ No financial advice. NeruSuite v5 - advanced technical analytics tool. #dyor
BITMEX:BTCUSD.P
by Gl4diator
2
#bitcoin - Another make it or die?This inverted Head and Shoulder looks weak, even though we got a right shoulder, the volume doesn't look perfect. I am keeping my hands still right now, the Monthly Pivot needs to be broken first until this pattern can play out nicely. I am not sure this will happen. With this probably being declined, the 8k Yearly Pivot comes back into my game. Above Monthly Pivot I´ll swap to longs. _____________________________________________________________________________ No financial advice. NeruSuite v5 - advanced technical analytics tool. #dyor
BITMEX:BTCUSD.P
by Gl4diator
1
#bitcoin - inverted HS potential still presentI am going to watch this until the price tells me something different. Totally undecided right now. Keep focus guys and don´t force yourself into trades based on assumptions and gut-feelings. H4 did a very good job recently, also H1, so I prefer staying here right now. Keep an eye on the monthly Pivot. This pattern is still in the make and the volume profile is actually not a very good fit, so .... stay safe. _______________________________________________________________ No financial advice. NeruSuite v5 - advanced technical analytics tool. #dyor
BITMEX:BTCUSD.P
by Gl4diator
1