Sand P Double Cup & Handle + Double Inverted H&SSee chart. Got a big cup from Wednesday with handle/cup on Thursday and smaller handle forming in PM Thursday. H&S yesterday made me close shorts; got another one today.
Invertedheadandshoulders
ENJ/BTC Possible IH&SENJ been ranging this low for almost a month, and now it wants out via inverted head and shoulders
I'll be watching it.
GBPUSD - Potential Inverted Head & Shoulders GBPUSD currently forming an inverted head and shoulders pattern.
Looking to take this up to 1.2814
USDCHF Inverted Head and Shouldersprice reverse from support level and potentially create inverted head and shoulders pattern.
buy on right shoulder.
two targets on resistant level
Possible Inverted H&S pattern on the 30min BitcoinLooking at a possible I H&S formation. Its the 30 min but you can also notice it on the hourly. Watch out for BTC
AUDCHF catch a swing trade or intraday trade- Price has broken out the ascending channel and the 4hr hour trend line.
- Market structure has also altered, as price has now created a higher high suggesting buyers have more power in the market than sellers.
- The change in market structure has occurred at monthly support suggesting a move back to the upside.
- Furthermore the change in market structure has also created a reversal pattern, creating an inverted head and shoulders ( which occurs at the end of a downtrend). This gives further confluence that price will move further to the upside and that the bulls are now in control.
- I am waiting for a further pullback to the 0.6965 region marked by the red zone, and will be waiting for price action confirmation to confirm a buy.
Fairly simple I believe
Do let me know your thoughts and questions
Thanks
Nath
AUDCHF Potential Inverted Head And Shoulderspotential reversal may happen.
Bullish divergent also gives a sign
buy on right shoulder will be the setup.
target on chart.
Stop below head
Can we still get Gold moving up??An inverted head and shoulder formed and it's complete. Can we likely go up following that patten. At the moment price is consolidating at resistance.
XRPUSD appears to be triggering its inverted head & shoulders.No confirmation candle yet but clearly some bullish volume confirmation on our breakout candle. Target 43 cents. 40 cents is the current resistance but we should get through it relatively easy.
4hr chart inv h&s breakout target right at horizontal resistancetoday we brokeout of the 4hr inverted head and shoulders pattern on bitcoin and the target takes us precisely to the big horizontal resistance area of 8504 that we have as of yet failed to overcome the previous two tests of it. My guess is we will reach it on this breakout which will get us above he bigger 1 day chars ascending triangle pattern we are currently in, it will then be rejected for a 3rd time stoking fears in people that it is a triple top but on the way back down the top trendline of the 1 day chart's ascending triangle will have become solidified support which will eventually trigger the ascending triangle breakout which should take us to the 9.7k range. We could also be rejected back inside the ascending triangle for a little bit to really build up short positions to use as bull fuel before the final breakout of he triangle it would make a more convincing bear trap that way. Of course there is also always the possibility hat he correction could happen after a 3rd rejection/triple top at the 8504 resistance....its is the least probable of the 3 outcomes but always wise o consider every potential outcome. As I stated in the previous idea, we also have a possibility for the ascending triangle to be validated as a bullish pennant in which case the breakout target for the pennant would be 10776 and with fomo added in we could even test 11k at that point before the firs significant correction. However my presumption is the 9.6-9.9k range is he most probable before the first significant correction. All just my personal thoughts of course and in no way financial advice. thanks for reading!
ZRX - inverted head and shouldersZRX has been forming an inverted head and shoulder pattern for many months now. Currently the right shoulder is nearing completion with the neckline sitting at ~0.3876, a close above that should trigger a bullish move to 0.4499 as an initial target.
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GBPCHF-- possible breakout and retest long ideaWe are on a strong downtrend. If the reversal setup holds, consider a long after a breakout and a retest
Inverted Head and Shoulders as a continuation pattern ?Watch the moving average crossovers and the break of the neckline.. could get interesting
BTC - what do you see?KRAKEN:XBTUSD appears to be in the midst of forming a beautiful ascending triangle.
A closer look as we approach the apex....
An inverted head and shoulders can be spotted forming within the ascending triangle.
This all looks pretty bullish to me. What do you think?
AUDNZD Inverted H & S updateAUDNZD Inverted H & S update
On track as of todays response to election result
Needs break of 1.07 neckline and resistance
Target 1.1100
Stellar looks primed to make a run for 20 cents.As long as the 1 day chart's inverted head and shoulder pattern its currently in gets validated...this would also likely cause it to experience a golden cross.
potential inv head & shoulders could double ADA's current priceCardano has been taking a bullish upturn recently along with much of the alt market. . .but if it can trigger a breakout of the current inverted head and shoulders patern on it's 1 day chart, it still has the potential to double its current price. Current 1 day stochrsi is alreeady over extended so it may meet resistance for a few days or so at the neckline before finally breaking upward but considering its had its golden cross sustained probability is inf avor of a validated breakout before too long. target 17-18 cents.
Possible Future Scenario for BitcoinWe’re approaching a weekly resistance (ichimoku red cloud) Bitcoin could drop significantly or move sideways for the next 6 month. I see us going back to around $5000 test it and make it an ultimate support and move up from there. I think we need a good drop for a good and solid bounce back.
I have also notcied what it looked like an Inverted Head and Shoulders in the making on the monthly BTC chart
If you agree with my analysis/prediction please like it. If you disagree please share your thoughts in the comment section. Thanks and good luck in your trading.
My previous Scenarios:
May 8th
May 7th
March 29th
EUR JPY POSSIBLE INVERTED HEAD AND SHOULDERS? LONG POSITION!Possibly ANOTHER head and shoulders but this time inverted for EUR JPY long position
Potential Inverted Head & Shoulders GBPJPYGBPJPY has potentially formed an inverted head and shoulders pattern.
Stop loss set below 142.00 targeting 125.60 for a take profit
