Siri forming an inverse head and shoulders.
Resistance at $6.62
Gap between $6.82 - $6.95
With the right shoulder bigger than the left don't buy till breakout.
This is an example of a possible inverse head & shoulders on 4hr and below time frames.
The levels can be matched up with spikes and dips in the volume profile
Levels to watch
Right shoulder tip: 4150-4100
Neckline: 4280 - 4320
Right shoulder base: 4370 - 4400
Since I am seeing top authors posting here what I have seen a week before already, I will take the grace and let you know about it as well.
Its simple, its obvious, I don't have to say more at it, simply take a look.
Head and shoulders is a reversal pattern and requires a RED left side. We have it, we are reversing the short term trend, I am longing this one on...
QTUM price dramatically decreased when the whole market crashed. The price consolidated around Fib 1 level and formed Inverted Head and Shoulders pattern. Few small candles left to finish the pattern. Up from this moment we expect several growth waves. Our targets set at the reverse points so you can buy and sell at the extremum points. Carefully follow trading...
Possible Inverse H&S on Pandora. Wait for a break above $10.15 to enter.
Large gap between $16-$19 might get filled.
Only hesitation on this is that the IHS looks too perfect. Watch for a false breakout.
Vertical spread would work well, or a long straddle if more conservative
***NOT A PROFESSIONAL TRADER, JUST A DUDE WITH AN IDEA***
XHV looks like it could be setting up for a potential IH&S Breakout on multiple timeframes. Breakout with volume would lead to the following short-term targets based on previous resistances and IH&S target from Head to Neckline.
Target 1: 45000
Target 2: 49000
Target 3: 51700
Failure would result in a...
BULLISH extend 5th? + (possible Right Translated IHS formation)
chart for easy viewing
chart has it labeled.
more info on the inverse head and shoulders formation can be found here stockcharts.com
possible IHS target minimum to see 70 cents, higher with over-performance.
Do not expect this rally to exceed 88-92 cents.
All of this nonsense about SWELL - has nothing to do with this price rise.
the news is fake, and it will propagate many to FOMO into this coin. Truly a shit coin, advertised and shilled on the mainstream networks.
Stay away, or get...
Two recognisable patterns in one
Remember #ihs first valid when break of neckline.
If the #ihs pans out we could see a 110 dollar move higher - challenging the upper resistens line .....
for a possible continuation and break out? Time will tell.
First we have to see these 2 patterns play out.
BTCUSD
XBTUSD
Happy trading.
Wally!
Analysis:
Correction ended, and accumulation nearing final phase. Inverse "FatBart" Head & Shoulders seen.
Entry Point:
General Entry is this range is fine, just look for a local dip/low. Looking to go long in the range of 9200 to 9275. See detailed screenshot below, using Bottomfinder to find best local entry.
Take Profit:
The green lines represent...
Hello again!
Just want to share one of alt that i will pay more attention for this near time.
I see this bull pattern and i think the resistant from the upper line of the triangle at once the necklice of the iH&S will be break soon.
I will start to buy after the confirmation of the break.
BTCUSD Bitcoin Another Potential Inverse Head and Shoulders in Formation
Bitcoin has held up well overnight and is now making a lazy attempt to grind higher and potentially to complete an inverse H&S with a minimum upside target at 7400 - but the biggest test will come at the neck-line at 6615 on this feed.
It has to break above here on rising volume to...
On the 4H, I see an IH&S developing. If we get a bearish SFP into the red order block around 7k, this will complete the right shoulder of the Larger H&S play that could bring us down to low 5k range, possible to Nov 2017 support line
