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Invertedheadandshoulders

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
IPG WCA - Inverted Head and ShouldersCompany: Interpublic Group of Companies Inc. Ticker: IPG Exchange: NYSE Sector: Communication Services Introduction: In today's technical analysis, we focus on Interpublic Group of Companies Inc. (IPG), a prominent player in the Communication Services sector, listed on the NYSE. The weekly chart is currently illustrating an interesting Inverted Head and Shoulders pattern, a traditional bottom reversal formation. Since we have analyzed the XLC and a bullish environment favors this sector, we have selected this stock for closer examination. Inverted Head and Shoulders Pattern: The Inverted Head and Shoulders pattern, usually observed after a significant downward movement, signals a potential bullish reversal. This pattern is characterized by three troughs, with the middle one being the deepest (the "head") and the two others (the "shoulders") being shorter and roughly equal in depth. Analysis: Previously, IPG's chart was showing a clear downtrend. However, we've spotted a promising Inverted Head and Shoulders pattern that has been developing over 651 days. The symmetry between the left and right shoulders is intact, and the price now appears to be consolidating above the horizontal neckline at $39.28. The price's position above the 200 EMA demonstrates a bullish market environment, suggesting that long setups could be more advantageous at this time. If a breakout above the neckline is confirmed, it could represent a good entry point for a long position. The potential price target is set at $53.73, indicating an upside of approximately 37% from the level of the neckline. Conclusion: IPG's weekly chart reveals an intriguing setup in the form of an Inverted Head and Shoulders pattern, suggesting a possible bullish reversal. However, this is a watchlist candidate and not a direct trading recommendation. As always, this analysis should be used as part of your comprehensive market research and risk management strategy. Please remember, this is not financial advice and investing always involves risk. If you found this analysis helpful, please consider liking, sharing, and following for more insights. Wishing you profitable trading! Best regards, Karim Subhieh
NYSE:IPG
by KarimSubhieh
XLC Sector WCA - Inv HS Sector: Communication Services (XLC) Introduction: Hello everyone! Today, we're analyzing the weekly chart of the Communication Services Sector (XLC). After a clear downward trend, we observe a potentially bullish reversal marked by a variation of an inverted head and shoulders pattern. Inverted Head and Shoulders Pattern: Typically, an inverted head and shoulders pattern serves as a bullish reversal signal, suggesting a shift from a downtrend to an uptrend. Analysis: The XLC's price action has been forming a variation of an inverted head and shoulders pattern over the past 342 days. With a recent breakout above the horizontal neckline at $60, the price is decisively above the 200 EMA, supporting a bullish market environment. The projected price target based on this pattern is $75, which equates to a potential increase of around 25%. From this analysis, we infer that the Communication Services Sector may outperform in the coming weeks or even months. Therefore, it might be worthwhile to pay closer attention to the individual stocks within this sector. Conclusion: The weekly chart of the XLC sector has shown a confirmed bullish reversal signaled by an inverted head and shoulders pattern. With a successful breakout above the neckline already in place, this could indicate a continuing bullish trend, suggesting that it may be an opportune time for long positions in this sector. As we expect the Communication Services Sector to potentially outperform in the coming weeks or months, investors might consider focus on individual stocks within this sector for investment opportunities. As always, your own research and risk management strategies should guide your investment decisions. Thank you for tuning into this analysis. Don't forget to like, share, and follow for more insights into the market. Happy trading! Best regards, Karim Subhieh
AMEX:XLC
by KarimSubhieh
EFX DCA - Inverted H&S Company: Equifax Inc. Ticker: EFX Exchange: NYSE Sector: Industrials Introduction: Hello, and welcome to this technical analysis! Today, we're exploring the daily chart of Equifax Inc. on the NYSE. We observe an intriguing pattern within a pattern: a shorter-term head and shoulders continuation pattern nested within a longer-term inverted head and shoulders formation. Inverted Head and Shoulders Pattern: An inverted head and shoulders pattern is typically recognized as a bullish reversal pattern, often signaling a transition from a downtrend to an uptrend. Analysis: Equifax's price action has been forming an inverted head and shoulders over the past 411 days. The horizontal neckline, which currently acts as resistance, is around $223.50. Despite the lack of symmetry between the shoulders, the right shoulder being higher than the left is often considered a positive sign. Interestingly, the right shoulder itself contains a shorter-term head and shoulders continuation pattern that has been forming for about 188 days. It's worth noting that the price remains above the 200 EMA. Aggressive traders could have already positioned themselves with the break of the right shoulder at the head and shoulders, but for the conservative ones, we are patiently waiting for a break above the horizontal neckline. The price target for the inverted head and shoulders pattern is $300.84, which represents an approximate increase of 34.58%. Meanwhile, the shorter-term pattern suggests a price target of $257, or around a 22.77% increase. Conclusion: The daily chart of Equifax Inc. presents an intriguing situation where a short-term head and shoulders pattern forms within a longer-term inverted head and shoulders. A confirmed breakout above the neckline could signal a bullish reversal and offer a promising long position entry. As always, it's crucial to perform your own due diligence and employ suitable risk management strategies before making any investment decisions. Thank you for tuning into this analysis. Please remember to like, share, and follow for more market insights. Happy trading! Best regards, Karim Subhieh
NYSE:EFX
by KarimSubhieh
Moody's Corporation WCA - Inverted H&S Company: Moody's Corporation Ticker: MCO Exchange: NYSE Sector: Financial Services Introduction: Hello and welcome to our technical analysis! Today we're examining the weekly chart of Moody's Corporation on the NYSE. A fascinating pattern within a pattern is currently unfolding, with an inverted head and shoulders formation potentially serving as a bottom reversal. Inverted Head and Shoulders Pattern: An inverted head and shoulders pattern typically serves as a bullish reversal pattern, signifying the transition from a downtrend to an uptrend. It's characterized by three successive lows with the middle low (the head) being the deepest and the two other lows (the shoulders) being shallower. Analysis: Moody's previous trend was clearly bearish, interrupted by a consolidation phase taking the form of an inverted head and shoulders. This pattern has been developing over 392 days. Although the usual symmetry between the shoulders is absent, the right shoulder sitting higher than the left is typically a positive sign. Intriguingly, the right shoulder itself seems to be forming as a smaller head and shoulders pattern, all occurring above the 200 EMA. The horizontal neckline of this pattern is at $325. A breakout above this level could provide an opportunity for a long position entry. Upon a successful breakout, our projected price target would be at $418.30, translating into a potential price rise of approximately 28.83%. Conclusion: The weekly chart of Moody's Corporation presents an interesting pattern within a pattern, where a short-term head and shoulders pattern forms within a longer-term inverted head and shoulders pattern. A confirmed breakout above the neckline could offer a promising long position entry. As always, it's important to conduct your own due diligence and employ appropriate risk management strategies before making any investment decisions. Not financial advice Thank you for joining this analysis. If you found it insightful, please like, share, and follow for more market updates. Happy trading! Best regards, Karim Subhieh
NYSE:MCO
by KarimSubhieh
2
BTCUSDT 1W The last bullish Parabolic where are you?BTC's prediction on the Weekly chart. From the recent performance, the market is making parabolic pattern. Yes, BTC still lacks one upward climb. Technically, by using Inverted Shoulder Head Shoulder, Ascending Channel, market can be predicted for these insights: 1. BTC still has a chance to touch the green horizontal trendline, which is in the 25K2 area. 2. But BTC has a maximum correction limit of 22K800, if the market opens weekly or daily below that, it can be predicted that there will be no bullishness for the next 12 months since the price is below that. 3. From Inv.SHS Pattern and horizontal S/R can be predicted and make sure the target is between 33k8 to 37k9. 4. However, the parabolic pattern has a bonus in the last push, so it is possible for the parabolic to go crazy, touching 48K or even 50K after that the market will hibernate for 18 months, aka bearish maximum pain.
by deSultanTM