Get started

Invertedheadandshoulders

Amazon -> Continuation TradeMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only focus on price action and market structure 🖥️ I am trading the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term wealth! In today's anaylsis I want to take a look at the bigger picture on Amazon. After the recent rejection away from the lower support trendline of the rising channel I do now expect a short term correction back to the $105 level. Then we could see an inverted head and shoulders pattern which indicates more upside potential and eventually new all time highs. - - - - - - - - - - - - - - - - - - - - When the market moves where, and how, and if - these are all unknown. The only thing which you can control is your risk. - Philip Basic Trading - Keep the long term vision🫡
NASDAQ:AMZNLong
by basictradingtv
11
GOLD: If it fails, the bearish trend will return.We already shared our view on daily chart last week (see analysis below), so today we will look for some potential Patterns on intraday chart. Having said that, if we look at the 1H chart, we cannot exclude the formation of Inverted Head and Shoulders, if this fails, the Price Action should trigger a new Low and a return to the bearish trend also on daily chart. Today, we will only think about managing our long position taken last week and we will think about adding position only after some confirmations which we are currently missing. With this in mind, the signal will be confirmed with neckline breakout. DAILY ANALYSIS (Click on Chart below) Trade with care Like | Share | Comment
OANDA:XAUUSDLong
by TheAnonymousBanker
7
ZZD - Long IdeaThe stock has printed an interesting, inverted head and shoulders and its currently rising above the upsloping 20/50 ema's. While bulls hold it above R10.90 , the bull flag is likely to play out but for a longer term horizon, a stop below R10 would be preferable. The pattern targets R16 eventually. The inverse head and shoulders is a technical chart pattern that signals a potential trend reversal from a downward trend to an upward trend in the price of a security or asset 12. It is also called a “head and shoulders bottom” 1. The pattern resembles the shape of a person’s head and two shoulders in an inverted position, with three consistent lows and peaks 12. The pattern is identified when the price action of a security meets the following characteristics 1: The price falls to a trough and then rises. The price falls below the former trough and then rises again. Finally, the price falls again but not as far as the second trough. Once the final trough is made, the price heads upward, toward the resistance found near the top of the previous troughs 1. Investors typically enter into a long position when the price rises above the resistance of the neckline 1. A suitable profit target can be ascertained by measuring the distance between the bottom of the head and the pattern’s neckline and using that same distance to project how far the price may move in the direction of the breakout.
JSE:ZZDLong
by Trader-Dan
Primary Selling Wave 1 May Be Completed; Big Bounce?Pretty strong down moves in a wild ride likely a setup for BTFD, CPI numbers Thursday AM the catalyst for retracement move. Probly don't wanna be short right now. Could tank again if more geopolitical news smacks it down but absent adversity, expect a lift. Any lift will be a countertrend move in a primary downtrend. Likely target is the 0.62 Fibo retracement near 4545. Made inverted H&S intraday Tuesday. Probably good to get into cash if you don't wanna be long. Getting oversold. Can get more so but bears near exhaustion. Be careful!
TVC:SPXLong
by DaddySawbucks
6
Gold -> The 90% Probability SetupHello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Gold 💪 After the simpe monthly break and retest and also a retest of the 0.382 monthly fibonacci retracement Gold perfectly created the bullish continuation towards the upside and I do expect new all time highs on Gold in 2023. Gold is also retesting the weekly support trendline of the very obvious rising channel and in confluence with bullish moving averages I do expect a bullish push from here. Looking at the daily timeframe you can either be agressive and enter a position right now or you can wait for the confirmed inverted head and shoulders and a breakout of the daily bullflag and then this will be a very high probability setup overall. Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈 Thank you for watching and I will see you tomorrow! My previous analysis of this asset:
FXOPEN:XAUUSDLong
by basictradingtv
46
JD.com Inverted H&SJD.com has created an inverted H&S pattern over the summer and is attempting to break above the neckline. This isn't a textbook H&S since the neckline hasn't been a hard resistance level for price when looking at the violation above the neckline at the right shoulder, but that appears to have been an outlier with a gap up and almost immediate gap back down below the neckline. Although not textbook, this pattern is similar enough to warrant attention as price is currently attempting a break above the neckline. The PPO indicator shows the green PPO line rising above the purple signal line which indicates short-term bullish momentum. Both lines trending above the 0 level indicates intermediate to long-term bullish price momentum. Going forward we want to see the green PPO continue to rise above the signal line. The TDI indicator shows the green RSI line rising and crossing above the 60 level while trending inside the upper half of the white Bollinger Bands. This indicates a short-term bullish trend in price. Going forward we want to see the green RSI line continue to rise above the 60 level, with an overall trend between the 40-80 levels to indicate intermediate to long-term bullish price trend. My entry on this trade was at $38.98 with a current stop-loss at $35.57. Should price break above the neckline and continue to rise I'm looking at resistance near the 200ma at the $45 area to take profit, but am also going to be watching for a potential measured move near the $48 level if price manages to push through the 200ma with ease.
NASDAQ:JDLong
by PrepForProfit
Assurant Inc. DCA - Inverted head and shouldersCompany: Assurant Inc. Ticker: AIZ Exchange: NYSE Sector: Financials Introduction: In this analysis, we focus on Assurant Inc. (AIZ) listed on the NYSE, an important player in the financial sector. The daily chart highlights a potential bullish reversal signaled by an Inverted Head and Shoulders pattern that has been forming over the past 39 weeks. Inverted Head and Shoulders Pattern: The Inverted Head and Shoulders pattern typically signals a reversal of a downtrend and a potential start of an uptrend. It is characterized by three troughs with the middle trough (the "head") being the deepest and the two outside troughs (the "shoulders") being shallower and roughly equal in depth. Analysis: Assurant's previous trend was clearly downward, depicted by the blue diagonal resistance line. However, it appears this downward trend is being interrupted by the formation of an Inverted Head and Shoulders pattern, suggesting a potential reversal to the upside. The symmetry between the shoulders is good, and the horizontal neckline is well defined at 135. The price is currently above the 200 EMA, indicating a bullish environment. Should we see a breakout above the horizontal neckline, it could favor a long entry. The price target in such a scenario would be at 165, representing a potential rise of 22%. Conclusion: Assurant's daily chart shows a promising bullish reversal setup through the Inverted Head and Shoulders pattern. If confirmed by a breakout above the neckline, this could offer an appealing long trading opportunity. ------------------------------------------------------------------------------------------------------------------- Please remember, this analysis should form part of your overall market research and risk management strategy, and is not direct trading advice. If you found this analysis helpful, please consider liking, sharing, and following for more insights. Wishing you successful trading! Best regards, Karim Subhieh Disclaimer: This analysis is not financial advice and is intended for educational purposes only. Always conduct your own research and consult with a financial advisor before making investment decisions.
NYSE:AIZ
by KarimSubhieh
4
ZION DCA - Inv H&S Company: Zions Bancorporation N.A. Ticker: ZION Exchange: NASDAQ Sector: Finance Introduction: In today's analysis, we turn our attention to Zions Bancorporation N.A. (ZION) listed on the NASDAQ, a noteworthy constituent of the finance sector. Examining the daily chart reveals a potential bullish reversal in the form of an Inverted Head and Shoulders pattern that has been developing over the past 126 days. Inverted Head and Shoulders Pattern: An Inverted Head and Shoulders pattern typically marks a potential trend reversal, signaling a shift from a downtrend to an uptrend. The pattern consists of three troughs, with the middle trough (the head) being the deepest and the two outside troughs (the shoulders) being shallower and roughly equal to each other. Analysis: ZION's previous trend was downward, illustrated by the blue diagonal dashed line. However, this downtrend appears to be interrupted by an Inverted Head and Shoulders pattern, suggesting a potential reversal to the upside. The symmetry between the shoulders is compelling, and the head is typical of such a pattern. The pattern's horizontal neckline is situated at 32.79. At present, the price is below the 200 EMA, warranting caution when considering entering positions. A potential long position should only be considered if the price closes convincingly above the horizontal neckline. In the case of a successful breakout, the price target would be at 47.38, which corresponds to an approximate increase of 44.42%. Conclusion: Zions Bancorporation's daily chart presents a possible bullish reversal setup. This setup, if confirmed by a breakout above the neckline, could provide a favorable long trading opportunity. Remember, this analysis should be used as a component of your overall market research and risk management strategy, not as direct trading advice. If you found this analysis helpful, please consider liking, sharing, and following for more insights. Wishing you profitable trading! Best regards, Karim Subhieh Disclaimer: This analysis is not financial advice and is intended for educational purposes only. Always conduct your own research and consult with a financial advisor before making investment decisions.
NASDAQ:ZION
by KarimSubhieh
2
Palladium in inverted head and shoulders?Palladium - 24h expiry A bullish reverse Head and Shoulders has formed. Bespoke support is located at 1355. We look to buy dips. With signals for sentiment at oversold extremes, the dip could not be extended. Offers ample risk/reward to buy at the market. We look to Buy at 1350.1 (stop at 1326.1) Our profit targets will be 1410.1 and 1420.1 Resistance: 1370 / 1380 / 1400 Support: 1348 / 1335 / 1315 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:XPDUSDLong
by OANDA
SoFi Technologies Inverse Head and Shoulders Breakout ~$12 PTThe Inverse Head and Shoulders pattern is a classic technical analysis pattern that signals a reversal in trend from bearish to bullish. It is the exact opposite of the Head and Shoulders pattern which indicates a bearish trend reversal. Here's a detailed description of the Inverse Head and Shoulders pattern with key indicators: 1. Formation : This pattern is characterized by three consecutive troughs with the middle trough being the deepest (the "head") and the two outside troughs (the "shoulders") being shallower. Ideally, the two shoulders should be roughly the same distance from the head and there should be a noticeable downward trend in progress. 2. Neckline : The pattern is framed by a "neckline" drawn by connecting the high points of the two troughs. The neckline serves as the level of resistance that price must break through for the pattern to be considered complete. 3. Volume : Volume plays a crucial role in identifying this pattern. During the formation of the pattern, volume tends to be higher during the descent into the left shoulder, lower during the formation of the head, and increase again during the rise of the right shoulder. A noticeable increase in volume on the break above the neckline confirms the pattern. 4. Relative Strength Index (RSI) : The RSI is often used to confirm the pattern. The RSI, which ranges from 0 to 100, is a momentum oscillator that measures the speed and change of price movements. During the formation of the pattern, the RSI might become oversold (below 30) as the head forms and then start to rise as the right shoulder develops. A break above the neckline often coincides with the RSI climbing above 50, which is a bullish signal. 5. Duration : The formation of an Inverse Head and Shoulders pattern can take several weeks to several months. The longer the pattern takes to develop, the more significant the potential price reversal. 6. Conclusion and Breakout : The pattern is confirmed when the price breaks above the neckline, preferably on higher volume. After the breakout, the price may retest the neckline (now acting as a support level), before continuing its upward move. This is referred to as a "throwback". 7. Price Target : The projected price target is found by measuring the distance from the neckline to the bottom of the head. This distance is then projected upwards from the breakout point at the neckline to provide a price target. The Inverse Head and Shoulders pattern, while a powerful tool, is not foolproof. It should be used in conjunction with other technical indicators to validate and confirm signals, reducing the risk of false positives. Additionally, market fundamentals should not be overlooked while considering potential trades based on this pattern.
NASDAQ:SOFILong
by Diegolas_
2
SOL/USDT INV H&S WEEKLY TFAs we can see SOL is currently at the neckline of the inverse head and shoulders on the weekly TF. The next resistance level to break would be the $38 mark. If sol can push to this level and hold we could potentially see price return too trama by lux algo on the daily TF which is $58.385. The initial measurement of the head is approximately is 367% which is just below the 61.8% fib retracement of $102.44. I'm feeling very bullish about the status of BINANCE:SOLUSDT in the months to come. Give me your thoughts down below I'd love to hear your thoughts on this potential bull run or constructive criticism. Cheers - Kaia Tait
Long
by kaiatait
1
XLY WCA - Inv H&SSector: Consumer Discretionary Select Sector SPDR Fund Ticker: XLY Exchange: NYSE Arca Industry: Exchange-Traded Fund Introduction: Welcome to our weekly technical analysis. Today, we're looking at the Consumer Discretionary Select Sector SPDR Fund (XLY), listed on the NYSE Arca exchange. The weekly chart is currently exhibiting an inverted Head and Shoulders pattern, suggesting a potential bullish reversal. Inverted Head and Shoulders Pattern: An inverted Head and Shoulders pattern is typically seen during periods of market consolidation following a downtrend. It signals a potential reversal, characterized by three troughs, with the central one (the head) being the deepest, and the two on the sides (the shoulders) being shallower and roughly equal in depth. Analysis: Previously, the XLY sector was in a clear downward trend, as represented by the blue diagonal resistance. However, the emergence of an inverted Head and Shoulders pattern during the consolidation phase suggests a potential bullish reversal. Impressively, the right shoulder is higher than the left shoulder, adding to the bullish sentiment. Furthermore, the price has broken above the 200 EMA and the horizontal resistance at 153.40, reinforcing the bullish environment. The current consolidation at this previous resistance level, indicated by a dragonfly doji, may solidify the breakout. However, confirmation will only come with the closure of the current candle. Should the breakout hold, the price target is set at $177, indicating a potential upside of approximately 16.7%. Conclusion: The weekly chart of the XLY sector reveals an intriguing setup in the form of an inverted Head and Shoulders pattern, suggesting a potential bullish reversal. This may signal profitable trading opportunities in stocks within this sector over the coming weeks. As always, this analysis should be used as part of your overall market research and risk management strategy, and not as direct trading advice. Remember, trading carries risk, and past performance is not indicative of future results. If you found this analysis helpful, please consider liking, sharing, and following for more insights. Wishing you profitable trading! Best regards, Karim Subhieh
AMEX:XLY
by KarimSubhieh
GBP/USD DCA - Inverted head and ShouldersAsset: GBP/USD (British Pound/US Dollar) Exchange: Forex Market Introduction: Welcome to our daily technical analysis. Our focus today is the GBP/USD pair on the Forex Market. The daily chart shows an Inverted Head and Shoulders pattern after a downward trend, suggesting a bullish reversal. Inverted Head and Shoulders Pattern: The Inverted Head and Shoulders pattern is a classic chart pattern that traditionally signals a bullish reversal. It's characterized by three troughs, with the middle one (the head) being the deepest and the two on the sides (the shoulders) being shallower and roughly equal in depth. Analysis: After a clear downward trend, GBP/USD has formed an Inverted Head and Shoulders pattern in its consolidation phase. The pattern exhibits good symmetry, with the right shoulder extending in the form of a rectangle. The price is currently above the 200 EMA, further suggesting a bullish environment. Interestingly, there has already been one attempt at a breakout, but it resulted in a throwback. Now, as we see the second attempt at a breakout, this setup might present a potentially profitable long entry opportunity. If the breakout holds, the price target is set at 1.141628, indicating a potential upside of approximately 14.08%. Conclusion: GBP/USD's daily chart reveals an interesting setup in the form of an Inverted Head and Shoulders pattern, suggesting a potential bullish reversal. This setup could present a profitable long trading opportunity. This analysis should be used as part of your overall market research and risk management strategy, and not as direct trading advice. Always remember, trading carries risk, and past performance is not indicative of future results. If you found this analysis helpful, please consider liking, sharing, and following for more insights. Wishing you profitable trading! Best regards, Karim Subhieh
Long
by KarimSubhieh