SP500 Price has formed an inverted head and shoulder suggesting a bullish trend.
We can expect price to gather bullish momentum to rise towards the 3945 resistance level.
Invertedheadandshoulders
Does Pepsi Drinks Come With An Inverted Head & Shoulders?Does Pepsi Drinks Come With An Inverted Head & Shoulders?
No of course not! However, the daily chart for the global soft drink has an inverted head and shoulders on the daily chart.
PEP closed above the neckline of the pattern! Also, PEP has 4 touches at the daily trendline (immediately above the neckline). I set an alert on the neckline and at the daily t/l.
Pepsi closed in a daily supply zone on 24 October 2022.
Peace, Love & Abundance,
MrALtrades00
EURCHF I SHORT until break of the resistance Welcome back! Let me know your thoughts in the comments!
**EURCHF - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
Brian & Kenya Horton, BK Forex Academy
inverse head and shoulder Inverse head and shoulder appearing on support for SPX 500 much chance of going up as Rsi is also making bullish div double confirmation to head up to above mentioned resistance.
DYOR!!
Success/Fail Targets for a 2nd HSi on the Daily SPX500Simple HSi measured targets prediction.
We previously saw a failed HSi on the daily and made stops just below our 1x and 1.5x TPs 1 and 2.
Now, we see the same pattern again. On the chart are TP 1 and 2 / 1x and 1.5x measured targets for either, success or failure:
failure condition: if we drop and close below the right shoulder
success condition: if we rise and close above the neckline.
Massive Long Term Inverted H&S with Huge DivergenceTiny cap float so a bit hard to build a position, but they have named more new contract's this month alone than their current entire Market Cap including huge government contracts. Trading near 52 wk lows as its not a followed stock but presents an awesome asymmetric opportunity.
intellectintellect made & broke above inverted head n shoulders pattern on smaller time frame with decent volumes.
Could be bought with mentioned stoploss & targets.
Dont trade if it opens higher near target or near stoploss.
Possible inverted head and shoulders XRPPossible inverted head and shoulders continuation on XRP if neckline is kept. (with double heads)
15% move.
If you want to trade these breakouts try to long from retest of a neckline. (Great risk/reward)
Always remember to use stop losses!
1st mistake novice traders do is don't use them and get their ass burned
-Jebu
Ambuja CementAmbuja Cement made inverted head n shoulder on smaller time frame(15 min) with good volumes.
Could be bought with mentioned stoploss & targets.
AMD: Finally a Reversal Pattern?• AMD is trying to trigger an Inverted Head & Shoulder chart pattern in the 1h chart;
• The pattern wasn’t triggered, so we have yet to see some confirmation of a reversal;
• This is important because the main trend is still bearish, and if by any means the price action frustrates this IH&S the bearish momentum will prevail, probably all the way down to the next support at $59, as evidenced in the wekly chart below;
• Since AMD lost the previous support at $72 (black line), the next technical stop is the $59, however, the recent price action might reverse the bearish sentiment and AMD could avoid this scenario;
• In addition to the IH&S pattern in the 1h chart, if AMD wants to trigger a mid-term reversal it is important to break the $72 again, as this point is supposed to work as a resistance in the short-term;
• Yes, AMD is trying to reverse, but we must see more confirmation signs before assuming we hit a bottom;
• In addition, in our last study, I described what is necessary for AMD to trigger a sustainable mid-term reversal, and the link to my previous analysis is below this post.
I’ll keep you guys updated on this. Remember to follow me for more analysis like this! Keep in touch.
#PDD inverted head & shouldersCan this #chinese listed stock climb?
#pdd displaying an inverted head & shoulders
Neckline 72.00
Overhead Objective 120
Jubilant Foodworks: Soon to breakout!Jubilant food is a strong candidate for a potential breakout! Keep it on your radar.#JUBLFOOD
Inverted H&S - Right ShoulderInverted Head and Shoulders pattern showing the right shoulder for a potential breakout
This is within an expanding structure
Daily chart
DOGE inverse head and shoulders#DOGE/USDT
$DOGE is inside ascending channel, and price shaped an inverted head and shoulders pattern.
🐮 now price is near the neckline of this H&S. break out from neck line will increase price toward resistance zone around $0.67 which is the same with descending trend line.
🐻 rejection from neckline and descending trend line will drop price to lower line of channel to try to break it down.
$QNT - Inverse Head & Shoulder on the ChartHello my Fellow TraderZ,
In my analysis of $UNI/Usdt pair, I mentioned abou the $QNT as both are almost following the same pattern.
But here $QNT has already broken the neckline and I'm looking for the retest for making any fresh entries.
If the retest gets succesful, we will see the price climbing $206 mark within no time, else will see back to $70-87 range to test.
Happy Trading Fam. CHEERS!!!
$XBI possible inverted head and shoulders bottom$XBI biotech ETF developing
a possible inverted
head and shoulders bottom formation
neckline breakout 93.50
ABNB: Inverse head and shoulders on close watchABNB
What a beautiful and clean inverse head and shoulders on ABNB.
Technically we just broke the neckline (dotted line), if we close above it today, the pattern will be confirmed with a target between $153 and $161.
This one is a bit tricky though as there are some resistances ahead:
-The horizontal resistance at 130
-The down trend line connecting all the previous highs since November.
A positive note is that the stock has not followed the overall market the last few days. Could ABNB be benefiting from rent inflation? Possibly.
I will long the stock above $130. First target will be $147.
Keep it on your watch list.
Trade safe.
AAPL: Could it reverse the bear trend? Let's see.• AAPL is in a bear trend, but the $148 area is the first key support;
• If AAPL reacts and breaks the $153, it’ll trigger an IH&S chart pattern, with a target at $158.72. Remember, if AAPL reacts, for now, there’s no evidence pointing to this direction.
• In the daily chart, AAPL is stabilizing, and we see that the $148 area is visible in this time frame as well;
• To me, the key point is the $148, and is AAPL loses this key point, it’ll seek the next support at $141.92;
• It all depends on how it’ll react in the next couple of days, if it’ll trigger the IH&S chart pattern seen in the 1h chart or not.
Remember to follow me for more analysis like this! Keep in touch.
Monthly Inverted Head & Shoulders: MACD/RSI Bullish Divergence.We have an Inverse Head and Shoulders Visible on the Monthly timeframe with triple MACD and RSI Bullish Divergence and a Monthly Bullish Engulfing. I will position now and take profit at the neckline and then again at the previous ATH.
Very BIG Breakout in Bajaj FinanceStock Name : NSE:BAJFINANCE
Pattern : Inverted Head & Shoulders
Target : Mentioned in the chart
Entry : Mentioned in the chart
Stop Loss : Mentioend in the chart
This is for Education purpose only
SHARDA MOTORS INDUS RETESTED THE PATTERNit has been made an IHnS Pattern not it is retesting, good RR can be taken.
Bullish Head and Shoulders on KuCoin Shares TokenWe have a Bullish Harmonic Head and Shoulders Visible on the Daily in KuCoin Shares and i will be looking for a move upo to the 200 Day Moving Average
ETC - Inverted H&S Pattern on the Line Break ChartHi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
In today's analysis, I present an Inverted Head and Shoulders Pattern on ETCUSDT . An inverted H&S is different to an Inverse H&S. Inverse H&S patterns have a straight neckline whilst Inverted H&S have a tilted neckline .
If you noticed something strange about the chart, I have used the uncommon line break chart method. Three-line break charts originated in Japan during the 19th century and it is said that this technique was used in rice trading. This is another old form of charting originating from Japan along with the likes of Renko, Kagi and Heikin-ashi charts. Line-break chart was introduced to the western world by Steve Nison in his book Beyond Candlesticks. I find this really helpful to cancel out the noise and point out a clear trend. The line break chart is different to the candlesticks and as you can see, there are no wicks. Let's take a closer look at how exactly line break charts work. Have a look at image below. These are the closing prices of an asset:
If you connect these closing price and draw the line, it becomes a line chart:
Now, instead of connecting the dots and drawing the line chart, you can connect the two closing prices by drawing boxes:
Lastly, they are filled with Green and Red. If the closing point from one box to the next is higher, the price is bullish, color of the box is green and vice versa- If the closing of the new box is lower than the previous box, the price is bearish color of the box is red:
Now, back to the Ethereum Classic Inverted Head and Shoulders Pattern - I'm using the really helpful Head and Shoulders Pattern tool here on the chart, which you can find in the drobox on the left-hand side. A closer look at how to measure the ultimate target: You measure the height from the head to the neckline, and from the first resistance under the neckline you add that height to give you the estimated target:
Entry rule : Do not enter on a breakout without a close above the neckline . A high number of potential inverted head and shoulders patterns often will be broken only for it to be a fake breakout in the end. When price closes the trading session past the neckline it’s an additional confirmation that it’s a true breakout.
Have a great weekend 🥂. I hope you enjoyed this post today! Please give us a thumbs up 👍
_________________
Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow
We thank you for your support !
CryptoCheck
