Get started

Reverseheadandshoulders

MSFT Reversal Head and Shoulders- BullishAs you can see from the chart, MSFT broke out of a symmetrical triangle formation right around January 20th and enjoyed a very strong uptrend for about a month. We can see a clear break in this uptrend around February 18th just based on price action and we can also see that at this same time our fast EMA's quickly turned silver indicating a weakening of the uptrend. Since February 18th we can see that MSFT has formed a reversal head and shoulders pattern, with the head bouncing perfectly on the previous broken resistance line from the symmetrical triangle formation that it broke out of at the end of January (new support level). In addition to my T.A, I also have a strong price target for MSFT based on my fundamental analysis and believe $275-$300 price target is very possible.
NASDAQ:MSFTLong
by LivermoreGrahamDisciple
EURUSD - Resistance line breakout confirming the H & S buy orderRight here is the reverse head and shoulder pattern with a breakout and pull back confirming the buy order. What do you think? Share your opinion in the comment section✍️ Please support this idea with a LIKE👍 if you find it useful🥳 Also, kindly cheer me with coins if you like my work. Follow me to receive more updates on this pair🤙 Happy Trading💰🥳🤗 Trading Involves High Risk⚠️ Not Financial Advice💸 Use Proper Risk Management💹 Thank you for your support!💓 NB: If you have any question for me or you would like to learn forex trading, or improve on your technical analysis skills, DM me.
Long
by PetrockFxTrading
2
Possible Reverse H&S on 4hI am new so bear with me. Ive been watching the 4h on all the alt coins today. currently a few if not a majority have had triple top channels, some looking to endure a 4th. Looks like we will take a dip one more time in the closing flag before we see where things head. I am looking for all input on the idea. I am not a pro, do your research, make smart decisions. Final buy for this ride marked with arrow around possible time it could be available. BTC has major influence here as with any coin. With momentum on the switch, i expect our 4th top in the channel and then a retest before the final climb of the last shoulder.
COINBASE:BTCUSDLong
by razdul
1
EURUSD - Resistance line breakout confirming the H & S buy orderI published an idea on 22nd February 2021 of a possible reverse head and shoulder pattern indicating a buy order. The resistance broke out at 1.21363 and a pull back has confirmed the Head and shoulder pattern to go long to the target prices ahead of it. What do you think? Share your opinion in the comment section✍️ Please support this idea with a LIKE👍 if you find it useful🥳 Also, kindly cheer me with coins if you like my work. Follow me to receive more updates on this pair🤙 Happy Trading💰🥳🤗 Trading Involves High Risk⚠️ Not Financial Advice💸 Use Proper Risk Management💹 Thank you for your support!💓 NB: If you have any question for me or you would like to learn forex trading, or improve on your technical analysis skills, DM me.
Long
by PetrockFxTrading
EURUSD Reverse H & S pattern - Time to buyHere is a reverse head and shoulder pattern on the chart, indicating a buy order. If price continue to move in this direction, I expect price to hit the 1st and 2nd take profit at 1.23229 and 1.23441 respectively. What do you think? Share your opinion in the comment section.😇 Please support this idea with LIKE👍 if you find it useful.🥳 Follow me to receive more contents like this.🤙 Happy Trading💰🥳🤗 Trading Involves High Risk⚠️ Not Financial Advice💸 Use Proper Risk Management💹 Thank you for your support!💓
Long
by PetrockFxTrading
3
USDCHF - flashback to my post on January 22, time to buyReverse Head and Shoulder pattern playing out as predicted. Check my USDCHF post which I published on January 22 for details. What do you think? Share your opinion in the comment section.😇 Please support this idea with LIKE👍 if you find it useful.🥳 Follow me to receive more contents like this.🤙 Happy Trading💰🥳🤗 Trading Involves High Risk⚠️ Not Financial Advice💸 Use Proper Risk Management💹 Thank you for your support!💓
Long
by PetrockFxTrading
4
Reversal is formingHi everyone, we have had great bull runs with BTC and ETH. Recently, BTC have been going sideway with decreasing volume and ETH is near a big resistance at its ATH. When it happens, usually it's worthing to take a look to other projects. LINKBTC is one of those that I am watching closely. No one can deny that this is a great project and it will keep up BTC at some point. As you can see on the chart, there is a forming reverse head-and-shoulders pattern (not confirmed yet). Flipping 49k SATs to confirm this pattern will take it to at least around 60500 SATs where a clear resistance stands (descending trend line as well as horizontal resistance). Flip 49k SATs: reversal confirmed, target 60500 Flip 60500 and break the descending line: downtrend is over. The party begins Fibonacci levels indicate potential targets Note: if you like this content, don't forget to give it a like and follow me for upcoming analysis.
Long
by RektHodler
GBTCPlease understand this is for educational purposes only. Seemed to form a reverse head and shoulder pattern. 50 and 150 EMA are trending upward In stage 2 uptrend. (see Stan Weinstein Secrets for Profiting in Bull & Bear Markets) First entry taken when broke out from August highs Second entry when it broke out of a continuation pattern Third entry, breakout from from July 2019 high Bitcoin is on the move with media attention which seem like a repeat of 2018. When CNBC starts placing the Bitcoin ticker along with the Dow, S&P and Nasdq; and the "talking heads" begin saying it's going to 100,000, then its time to scale out. LOL Although I don't usually place targets for my trades, as I don't have that skill-set yet, I am looking at 1st Target 30.00; 2nd Target 40.00 I plan to ride this one until I get stopped out or the it begins to roll over.
G
by Tea-Trades
IOTXUSDT created an inverse head and shoulder 🦐IOTXUSDT created an inverse head and shoulder on weekly support, and now the price is testing daily resistance. IF the price will break the resistance and flips into support According to Plancton's strategy, we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
LendingTree: Bullish Technicals and Fundamentals ExplainedIn this analysis, I'll be providing an in-depth analysis on LendingTree, as well as an explanation on megaphone patterns and its bullish upside. What is LendingTree Inc.? Lendingtree (TREE) is a company that offers a platform for borrowers and multiple lenders, offering the opportunity for its users to find the best possible deal on their loans. Business Model - Users of TREE gain access to multiple loan offers, and TREE’s clients gain the benefit of a cost-efficient customer acquisition. - Essentially, LendingTree is a platform where people shop for money. - Lendingtree works with major banks such as Citibank, Wells Fargo, as well as mortgage brokers, p2p specialty finance institutions, and small businesses. - Their clients’ pain point is that borrower acquisition is a key constraint to growth. - They offer a personalized platform called My LendingTree in which users can track their financial credit and performance - Their cumulative user growth has been increasing at an exponential rate - One fact many people misunderstand is that LendingTree does not take a markup fee. - Their revenue comes from the payments made by lenders (their institutional clients), who pay to join the LendingTree marketplace. - TREE also gets paid by their clients when its users sign up for their loans or services. - While mortgage loans are their main focus, they are expanding into areas of: personal loans, auto loans, business loans, student loans, credit cards, saving accounts, and home equity loans. Financials - LendingTree’s revenue has tripled to $1.1 Billion by the end of 2019, almost triple the revenue of 2016. - They continue to demonstrate tremendous growth as consumers shop for mortgages over time - While their revenue was dominantly mortgage based, they have managed to diversify into generating revenue from non-mortgage related loans and services. - However, their operating expenses have also significantly increased due to huge marketing budgets, and their operating income is not as exponential as their revenue growth - Their quarterly revenue changes have been showing inconsistencies, and reported negative earnings for 2020 Q2. - However, the company demonstrates steady and strong free cash flow Technical Analysis - We can take a look at TREE’s weekly chart for long term insight - To begin with, the chart is currently trading within a textbook megaphone pattern - A megaphone pattern can be a continuation or reversal pattern depending on how prices react near the resistance - This pattern demonstrates 5 distinct swings, each getting larger than the previous one, - As demonstrated above, we are currently in the middle of the fifth swing - We can see that a reverse head and shoulders pattern has been forming since the third swing. - We have temporarily broken out of the descending trend line resistance (marked by the dotted blue line), and forming what seems to be the right shoulder - The formation of the right shoulder can also be seen as a bullish flag pattern, where prices are consolidating before a breakout - On the short term, we are consolidating below the 0.618 Fibonacci retracement resistance. - We have tested the pivot line support, as prices look to break out - Even if we see a rejection at the trend line resistance on the fifth swing, there is a 60% upside potential based on the megaphone pattern structure Conclusion With the Fed having said that interest rates will remain at near zero, and considering the fact that the US housing market is still in an uptrend, given that we see more recovery in the economy, we could anticipate huge growth for LendingTree as more users seek to get loans. The technicals demonstrated on LendingTree’s chart are also extremely bullish, making this stock a solid mid-term investment. If you like this analysis, please make sure to like the post, and follow for more quality content! I would also appreciate it if you could leave a comment below with some original insight.
NASDAQ:TREEEducation
by Michael_Wang_Official
2