Inverse H&S Pattern is almost completely formed on the Daily Chart.
A Break and close above $71 734 on Daily chart could result in measured moves corresponding with the moves in the Inverse head and shoulder pattern. My prediction: if a Daily close above this level, then we'd see a break upwards to FWB:77K , retrace back to neckline, and bounce up to $86,...
PSIL etf looks to be breaking out above the descending wedge it has been consolidating in. Top holding for the ETF (CYBN) is holding a meeting on Nov 30, 2023 to go over results of their clinical study on depression. Could be a breakout time for the psychedelic sector. Waiting for some confirmation on a breakout, and could take profit at 2.25 level.
Disclosure:...
Thinking Bitcoin will continue its correction until around $52, 700 (confluence with trend line and fib levels), and then extend upwards to $86, 900 by mid January based on fib levels and time cycles of this last run.
BABA forming an inverse Head and Shoulders pattern
with a slightly higher high. If price closes above $173
on 1hr chart I may get in. Probably bounce around a bit near
the neck line. If neck line breaks, My target 1 would be just
under $200,
Target 2 would be about $225,
Stop Loss would be $152.
Thoughts???
QFIN cup and handle closed a candle above 22.01 on the 1hr chart. Looking for the move of the cup upwards, with a target of 26.25.
QFIN: 1hr chart broke and closed above 22.01
With a cup and handle pattern.
Target: 26.25
Stop loss: 19.80, just under 200MA and 100MA
R/R: 1.85
Based on current trend and 4 hour time frame levels, I think the next move will be downward to 38 850.
Amateur trader documenting trades for personal improvement.
TROX seems to be bouncing off the 200MA. Just came off good earnings and an increased dividend. Seems to have strong fundamentals. Targets set for previous high, and 127 and 168 fib extension levels (which are also previous levels of resistance).
Target 3 = 30.50 RR: 1.66
Target 2 = 27.30 RR: 2.37
Target 1 = 24.51 RR: 3.13
Close below $15 and I'd get out.
Let...
