Hey guys, Looks like we have a potential inverse H&S breakout to me. Just need some more volume to seal the deal. (Yellow line is the neckline, green outlines inverse H&S pattern) Lemme know what you think.
Inverse head and shoulder on daily
We can see a 1 hour head and shoulder pattern is threatening to break the neckline right now and if it were to do so we would essentially have a breakdown of the bearish continuation diamond pattern. We eliminated the possibility of it being a diamond bottom pattern when no volume accompanied the fakeout bullis breakout and nwo it is crawling back inside the...
As I was anticipating we have now broken down from the bear flag we were consolidating in on the 4hr chart...and now shown here in yellow is the 4hr head and shoulder pattern if it triggers the full potential drop target for it would be right around 3091 hopefully not as it could very easily invalidate our big 1 day chart inverted head and shoulder pattern...maybe...
likely to push the price down to around .28.
This is my first ever non crypto idea on tradingview but I couldn't refrain from commenting on what I'm currently seeing on the Dow Jones. We can see a big head and shoulder pattern seems to have been triggered which has a drop target all the way down to the 21k range. Meanwhile it seems within the next 2-3 days a death cross is set to occur on the 1 day chart and...
We can now see the 4hour golden cross has occurred on the 4hr chart...this may spark a rally and we can see that the stochrsi has reached a good boucne support area with room to go up....however before this downturn, we did not achieve a higher high(which would have been around 4.4k), also this year has been particularly unkind to price action the majority of the...
This could catapult BTC back into the 5000s, for a time at least. Then we'll see some sideways creeping, and a longer flat, stable period of weeks, until BTC will make the final dump, sometime in March-April, the low still remains at 2000 plusminus a few hundred imho. I could of course be wrong, but that is the general feeling I have. Weekly timeframe also...
Seems like the target for this symmetrical triangle we've been forming will fit right in, to complete our head and shoulders pattern that may be forming right now.
Que la euforia por el cambio de tendencia no nos ciegue. El cambio de tendencia no está confirmado ni mucho menos. El precio puede estar formando un HCH invertido, pero inclusive confirmándose esta figura de cambio de tendencia tenemos que ser cautelosos con las inversiones a largo plazo. Personalmente no voy a asumir que la tendencia bajista haya terminado hasta...
Short and Concise First scenario- BTC next target is 4400 USD, then a retrace to 3700 usd (which is also fib 61.8), from there btc might go up to 4400 usd to form a head & shoulder pattern(reverse pattern). If btc breaks above 4400 usd with volume then next target is the strong resistance at 6000 USD(blue trendline). Second scenario- BTC will fail to break...
Hello everyone, If you follow my telegram channel you seen my call and the discovery of the june fractal playing out. + There is a big daily bullish divergence. Here is the fractal comparison I made: The fractal of june was part of a big inverse h&s formation. I'm considering that the fractal right now will also extend also in the same formation. If that is...
Whats up Traders - Looking for your opinion. . . . . . What are your thoughts on the H&S pattern painted by tesla? Fake, or Real. . . . More pain or less pain for TESLA?
From the price action of the past days it looks like the double bottom is in play, which means that the bottom has been set-up, at least in the short-term. Non the less, I see 2 good trading opportunities in the market now. Both of them are a head and shoulders pattern, one short-term and another one longer-term. From the hourly chart on the left it can bee seen...
Tread carefully here because we are still within fakeout range but if I wasn't already long now is a wise time to start at least laddering in...can set smart stop losses a few pips below the neckline to be safe as well but even if it dips I anticipate the neckline should hold support.
This inverted head and shoulder has a disproportionately long left shoulder but it is still valid we are currently testing the neckline. Judging by how overextended the stochrsi is on the buy side on the 4hr chart there are decent odds that this could be rejected here at the neckline but I'm pretty certain on the 1 day stochrsi we are in the oversold territory...
Bitcoin is sliding down to possible 3200 USD The right shoulder is in the making and it's likely to fall hard to 3200. 80% chance it will fall 20% breakout the downtrend (that will be the beginning of a buy signal) Please leave a like
We are now potentially forming an inverted head and shoulder pattern overlaid on top of the falling wedge which only will increase the odds of a bullish breakout for btc. In order for this inverted head and shoulders to have a chance it must have a bounce before too long and the most likely spot we have as a good bounce support is the top trendline of the falling...