Potential Inverse H&S scenario BTCThis 4-hrs chart is a potential Inverse Head & Shoulders scenario in the 4-hour timeframe.
Invertedheadandshoulders
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
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
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
CFXUSD: Inverted Head and Shoulders Trading Above Old ResistanceCFX seems to be showing some bullish price action above the old resistance of $0.2488 all while forming an Inverted Head and Shoulders, confirming Hidden Bullish Divergence and holding above the moving averages on significant timeframes. The Bullish targets would probably be $0.60 then $1.64
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
Inverted HS Targeting 35kJust a quick post to show off the new HLC Area candle type, while using the less new pattern indicators from TradingView. No drawing here, just a 3-day view of the HLC Area chart using the built-in pattern indicator for an Inverted Head and Shoulders.
Its target it 35k, let's follow this together and see how well the pattern indicator works!
The new HLC Area view is super cool!
Part 1 of catching a reversal is to trust structureI noticed that Ethereum was re-testing the neckline of an inverted head and shoulders pattern while at the bottom of a range and on top of support. Price provided an indecision candle on top of support as well as 61.8 fib. I anticipate that price will push back higher to retest a prz level. we have to get there first. It could begin with this purchase at a higher low.
SQ: Inverted Head and Shoulders and Bullish Bat at 0.886 RetraceSquare is currently trading at the macro 88.6% Fibonacci Retrace and has formed a Bullish Bat on the Daily all while forming an Inverted Head and Shoulders Pattern and now we are looking to see if we can break back above the 88.6% Retrace and challenge the neckline; if we do then I wouldn't be surprised to see it rally back up to where it dumped from originally.
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
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
$BTCUSD - Inverted head and shouldersHi guys! 👋🏻
🔔 I've been tracing and waiting for the formation of the right shoulder of this Head and Shoulders formation.
🔔 At this stage, Bitcoin may return to levels near $22770 - $22400 and continue the uptrend up to $29900 - $32000
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
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
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.
$VIX spike incomingThe TVC:VIX is showing signs of a bottoming pattern:
Inverted head and shoulders.
Exhaustion point in the Flow (SEQ 13, followed by a price reversal)
Potential targets are 18.8 and then 22.
VOD - Inverted H&S Bull CaseLonger term scenario for VOD showing an inverted H&S within a long term down channel
I expect this to act as a reversal pattern and push price higher into the down channel
Below is the bear case.
Either way - 37k or 13kTwo different ways to look at the present HSi pattern on Bitcoin, both targeting the same areas with slight divergence:
- If it's the smaller dotted white line HSi, we're already near completion of a re-test, now.
- If it's the larger solid blue line HSi, we could fall a bit more to complete a re-test.
If either of these fail on re-test and then drop and hold below the right shoulder, targets for both lies in the area of 13k.
If either succeed on re-test, the targets for both land in the area of 37k.
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Bridgestone Corp WCA - Inverted head and shouldersCompany: Bridgestone Corporation
Ticker: 5108
Exchange: TSE
Sector: Automotive & Auto Parts
Introduction:
Greetings, and thank you for taking the time to read this analysis. Today, we are examining the weekly chart of Bridgestone Corp on the Tokyo Stock Exchange (TSE). Our focus is on a classical price pattern known as the inverted head and shoulders, which here manifests as a bullish continuation pattern.
Inverted Head and Shoulders Pattern:
The inverted head and shoulders pattern on this chart has been forming over a 686-day period. This pattern is particularly compelling due to its near-perfect symmetry, represented by the symmetry line. The current resistance, also referred to as the neckline of the price pattern, has seen multiple tests and is sitting at 5468.
Bullish Environment:
Notably, the price remains above the 200 EMA (Exponential Moving Average), which typically indicates a bullish market environment. Therefore, we are patiently waiting for a clear break of the neckline.
Trade Strategy:
To avoid premature breakouts, we could combine this trade with a breakout filter. Upon successful breakout, the price target stands at ¥6883, representing a potential price increase of approximately 26%.
Conclusion:
The weekly chart analysis of Bridgestone Corp reveals an emerging inverted head and shoulders pattern, suggesting a bullish continuation. As always, when trading based on chart patterns, it is essential to consider risk management and adequate position sizing.
Please note that this analysis does not constitute financial advice. Always conduct your own thorough research before making investment decisions.
If you found this analysis helpful, please consider liking, sharing, and following for more updates. Happy trading!
Best Regards,
Karim Subhieh
EBAY: Inverted Head and Shoulders at S/R ZoneEbay after making a 0.786 retrace has bounced back into a Support/Resistance zone and has formed an Inverted Head and Shoulders while doing so.
WBD | Wave Analysis | Downtrend breakout | Inv. Head & ShouldersWBD : Wave projection - weekly price action and chart pattern analysis
> The downtrend channel 5 motive wave breakout with a possible valid inverted head * shoulders pattern formation
> A potential ABC correction uptrend pattern - a typical wave b bull flag pattern for right shoulder pattern targeting at 0.618 - 0.786 fibonacci retracement of wave a.
> If successfully breakout neckline - TP wave c at 1.618 extension of wave a near MA200w zone +100%
> SL @ IHS position -20% downside
> Indicator : RSI week bullish divergence
Always trade with affordable risk and respect your stoploss
Good Luck
Two Ways to Look at RLC TargetsDaily Inverted HS with a TP 2 near 11 dollars
Weekly Wedge or Double-Bottom with more conservative TP 1 and 2.
See related BTC pair chart linked below, which supports more aggressive targets for the USD pair here.
JOUT - Inverted H&S ReversalAn inverted H&S is evidently forming on the daily timeframe at the end of this nice down channel
I think this could be a reversal point for the down channel trend and allow price to move back up again.
Inverted H&S's can signal trend changes.
MASSIVE INVERTED HEAD AND SHOULDER ON GBPUSD 🚀🚀🚀Hey traders,
GU has broken the neckline of the massive head and shoulder, there is a break of structure that occured recenlty on friday. 1.30320 is a very possible target. If you enjoy my analysis drop a like and follow me for more.
Cheers!
