Potential for Inverted HSQuick 3 daily chart on FARM/BTC pairing:
- RSI and OBV have been moving up as Harvest Finance moves down vs. Bitcoin.
- Pattern confirmation would be a close and hold above the yellow neckline
Invertedheadandshoulders
BDMS | Inverted Head & Shoulders | Entry @ Breakout SetupPrice Action & Chart Pattern Short-term Trading
> Inverted Head & Shoulders
> Entry @ Breakout Setup
> Target at previous high
> Stoploss @ right shoulder
Indicator:
> Banker Smart Money & Banker Chip Volume Support at significant level
> BBD bullish divergence crossed above baseline
> Banker Fundflow uptrend but not overbought
> KDJ ribbon on uptrend above 70
Trading with affordable risk ratio 2:1 for short term trade
Always respect your stoploss
Cardano at a critical pointI gave a pretty vague outlook on Cardano the other day so I figure I should probably fess up a bit and let you all know exactly how I feel about it. Right now, it looks like we're in an inverted head and shoulder pattern. It looks like it wants to explode out of here and o straight for the target which is $0.75 but not so fast. Lets discuss a few things here.
First, do you actually know how to trade a head and shoulders pattern? Pattern trading can be pretty decent as long as you do it right. Ideally, we'll break out of the current pattern and do a nice solid retest of the neckline. Your stop loss should be the low of the right shoulder and your target should be 100% of the size of the head to the neckline. That puts us at right below 75 cents.
To compare, ADA is trading at 40 cents now. That's a pretty good reward, but what is the risk? Currently a 13% risk. That's not insignificant. Play your cards right and you'll be okay but don't do anything dumb. Wait for a breakout and get a retest of this level we're at now (around 40 cents) and you'll be ok. Just keep that stop loss to make sure you survive another day.
DYDX/USDT - Inverted Head & ShoulderCan take a long position if Inverted H%S neckline of 3.269 is broken
BTCUSD: Bearish Divergence at Potential Future NecklineBTC has been forming what looks to be a big Inverted Head and Shoulders pattern at the 0.786 PCZ of a Macro Bullish Cypher and today it tried to make a higher high but failed to maintain relative strength. Now we are in a scenario where it is quite likely that BTC will retrace from here and form what would be a Potential Right Shoulder to test $20k-$16k one last time before ripping to the upside.
ETH [SHORT TERM TRADE]ETH has given a long rally since a week, now it's time for a pullback and then again a rally.
So at daily timeframe it is showing support at 200 EMA and golden zone is at 1449.
- If price closed below 1500 at 1 hour time fame then take a short entry till 1500.
- If price closed above the 1553 at one hour time frame then take a long entry till, easily you can take it till 1580 and second target is 1619.
Note - You can still go long from 1500 and go on till same levels. Manage you risk and follow 1:2 Risk reward ratio.
NIO looking bullish on 4hThe price action may be trying to form an inverted head and shoulders (currently in the process of forming the right shoulder). The RSI seems to be bullish and creating an ascending triangle seem to have completed wave D and now waiting on wave E which should be the breakout wave bringing the RSI hopefully into the overbought territory.
Century Aluminum Company - IHS CENX has managed to claim back the 200dma and has formed a nice inverted head and shoulders pattern to launch off..
$14.50 level above will be the first likely target.
Stop and Target on the chart.
Trippy! MATIC Head & Shoulders 5 DAY INVERTED CHART!We've been in a bear trend for a while, so we are used to looking at down-trends. So..look at MATIC Polygon in the 5 Day time frame, huge Head and shoulders forming, and if this chart plays out, remember it's INVERTED target is $1.60 the common FIB 0.5 retracement of actually increase.
Really Trippy buy if you understand it Matic could have enough steam, but HOT already, Only one or 2 more 5 day periods left before a big marklet cool off, shows in BTC also.
REMEMBER INVERTED CHART
BTG | Elliott Wave Projection | Inv. H&S Breakout +8%Price action and chart pattern trading setup:
> A potential reversal pivot point with an inverted head & shoulders breakout and pullback ENTRY
> Target: 1.0-1.618 fibonanci extension ABC uptrend wave +7-8%
> Stop: Inv. head zone position -4%
> RRR: 2:1 minimum
Always trade with affordable risk and respect your stoploss
KUCOIN GEM: FINDORA LOG CHARTHere you can see the same chart on the log scale. This shows just how beautifully perfect this double bottom pattern + the inverted h&s is.
WC0123 GU Outlook: Overall bullish, short-term bearMTF Analysis
Check annotations in the anchored notes for M-W-D-H4 analysis.
Inverted HS Forming on Bitcoin?Just a quick thought here - this would fake out the bulls and the bears for a little while, and would correspond with DXY moving up very soon from the re-test of the channel it broke out of (area around 99-104 LFTs, 101-103 HTFs).
Failure or success of the HSi would hinge on DXY movement as well:
See related DXY ideas below.
Not marking this as long or short, just want to see if the pattern plays out and then fails and moves down or succeeds and moves up to either set of targets on the chart.
Inverse head and shoulder pattern on Ultratech Cement chartsNSE:ULTRACEMCO
Formation of inverse head and shoulder pattern
Current Price - 7237
Target 1 (diff from left shoulder) - 7650 - remaining upside 413 (5.7%)
Target 2 (diff from right shoulder) - 7825 - remaining upside 588 (8.1%)
Stop Loss (low of last candle) - 6863 - downside risk -374 (-5.1%)
Disc - invested, for educational purpose only.
BPP | Wave Analysis | Bullish Divergence Uptrend Target +25%Price action and chart pattern trading setup:
> ABC correction - main downtrend channel breakout in TFW and bullish Anti Nenstar pattern - possible a major trend reversal pivot point
> Indicator: MACD / RSI bullish divergence - strong reversal signal in TFW
> Entry @ Breakout retest zone SMA50 - 20
> Target @ TP1 17.2 + 15% Inverted Head & Shoulders Target / TP2 18.7 + 25% - Falling Wedge Target - 0.618 Fibonacci retracement and volume profile POC
> Stop @ Inverted head position -7%
> Risk reward ratio: 2:1, 3:1
Always trade with affordable risk and respect your stoploss - nothing 100%
Confirmed Inverse Head/Shoulders on DailySuper quick post - FARM has a confirmed inverted HS on the daily chart. Targets on the chart, fails if we lose the neckline - halfway point to TP 1 lines up exactly with the 200 day EMA, which will likely act as a pit-stop as it begins moving up.
Related longer-term bullish FARM chart below:
NZDUSD (BUY) Inverted H&S OUTLOOK D1NZDUSD is trading at an area of interest which we are currently in a bullish trend. A short term consolidation is needed to complete a potential bullish continuation structure or we may just breakout upwards of the neckline as we have Inverted H&S pattern in completion.
I personally expect short term growth of USD before continuing the bullish trend. Looking for a buy opportunity around 0.62200.
What's your view on USD?
Leave a comment below and share your opinion!
Trade Safe
Thanks
WC0123 BTCUSD Outlook: Overall bullish, short-term bearMTF Analysis
Check annotations in the anchored notes for M-W-D-H4-H1 analysis.
SE: Inverted head and shoulders formingSE (Sea Limited)
Being 85% off its all time high, SE is trying to form a bottom here.
The pattern I see on the 4h and daily chart is an inverted head and shoulders . It's a reversal pattern.
Inverted head and shoulders (like head and shoulders) are only confirmed once the neckline is broken.
The neckline is between 62.45 and 63.95 so I would consider a long entry for a swing trade if and only if we break 64. Just watching for now. But the chart is showing some positive signs.
The target of the pattern is at 90 .
Trade safe.
H&S Bottom: Double Bust (ETH)The inverted head and shoulders pattern failed .
All is well, as we have Thomas Bulkowski's history of patterns & statistical setups to guide us along together.
Ethereum has already invalidated the single bust .
It is time to explore the Double Bust IH&S chart pattern, & look for these elements:
Price must confirm the head-and-shoulders bottom by closing above the neckline or right armpit (A).
Price rises no more than 10% before reversing.
Price closes below the bottom of the chart pattern (B). This busts the pattern for the first time.
Price drops no more than 10% below the bottom of the head-and-shoulders bottom.
Price closes above the top of the head-and-shoulders bottom. This busts the chart pattern for the second time (C).
The stock rises more than 10% above the top of the head-and-shoulders bottom.
A double busted head-and-shoulders bottom turns into a triple bust when the rise after the second bust is no more than 10% and price then closes below the bottom of the chart pattern.
Busted Inverted Head-and-Shoulders Historical Performance :
16% of head-and-shoulders bottoms will bust
Of those that bust...47% will single bust
36% will double bust
17% of them will triple bust
Single busted patterns will see price drop 22% on average (invalidated)
Non-busted head-and-shoulders bottoms (that is, head-and-shoulders tops) will see price drop by 16% on average
If you have related analysis please be sure to share so we can learn together!
Confirmation of Single Bust Invalidation:
Price must confirm the head-and-shoulders bottom by closing above the neckline (down sloping necklines) or above the right armpit. That occurs at (A) in the figure above.
Price must rise no more than 10% above the neckline.
Price then closes below the bottom of the head-and-shoulders bottom (B).
Price continues dropping more than 10% without closing above the top of the head-and-shoulders.
NVDA: This is what it needs to EXPLODE. 🚀• NVDA is incredibly bullish, however, it is trading at a critical key point;
• NVDA just hit a trend line that connects all its previous top levels since Nov 2021;
• What’s more, NVDA is inside a Descending Channel;
• However, if it breaks this resistance level, NVDA might trigger a long-term bullish reversal structure;
• It would not only break free from a Descending Channel, but would trigger an Inverted Head and Shoulders chart pattern, in the weekly chart;
• This would be the confirmation sign of a bullish reversal on NVDA – however, this pattern wasn’t triggered yet;
• Any top sign under this resistance could easily frustrate the bullish thesis, therefore, we must keep our eyes open;
• I’ll keep you updated on this.
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there was a symmetrical triangleJust a few was waiting for the breakout, a symmetrical triangle created this moment, means reversal of a trend, consolidation, we should see how the bitcoin price has started a bull trend and maybe an inverted head and shoulders pattern for the rest of the year.
NZDJPY I Inverted head and shoulder - LONGWelcome back! Let me know your thoughts in the comments!
**NZDJPY Analysis - Listen to video!
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