NEO has broke out of this inverse head and shoulders pattern, could be a good entry.
Short term Probably some neutral sideways price action coming ±2 days. - Stuck in a narrow channel of converging trend - Giving the RSI some time to cool down slightly Longer term Price seems to want to go up a little further and if so will probably get stuck at the head and shoulders neckline. - Ascending triangle - Bullish sentiment is backed by the...
Bought the retest of the neckline, 1001LTC @ 37.85 TP1 = Sell 25% @ 39.39 TP2 = Sell 75% @ 43.44 SL = 36.65 100% (risk 3.22%)
We broke out of this pattern last Friday, green boxes are targets. Careful that we don't form a rising wedge continuation to the downside. Green boxes are targets.
We broke out of this pattern last friday. Targets are the green boxes.
LTC has formed an inverse head and shoulders pattern, if we break the neckline we should see some upside.
They say a picture is worth one thousand words. I'd be happy with this scenario but I'm content just as well accumulating BTC on these prices. That'd be one MASSIVE inverse head and shoulders. Anyhow! Peace in the Middle East!
Hello everybody. Retail is labeling Bitcoin(BTC) as an inverse head and shoulders right now. Please do not be fooled by these gurus that are not knowledgeable in this craft. An inverse head and shoulders is simply a break and retest of your break on your HTF not some magical pattern that makes you money. That being said it is possible this "pattern" fulfills due...
I see BTC headed to 5400 if we manage to break the iHS neckline with some volume. If not, I expect a rejection from the neckline to make a new low in the coming weeks. Feel free to share your ideas, whether similar or different.
Good evening chaps! It's been a while since I've posted... something about a year long bear market that makes you rethink your trading strategies. Anyway, since we've been hearing a lot about this inverse H&S, I thought it time to jump back in and place a small trade to wet the whistle. My play is based on a conservative buy if resistance (neckline) becomes...
Bitcoin appears to be complete an inverse head and shoulder pattern to mark a temporary bottom in early 2019. If serious volume comes into the market and we break the neckline over 4150 area the next major target to watch will be 5000-5400 before we hit the 2018 bear market downtrend line overhead. Depending on how Bitcoin preforms at that level will determine if...
PT $10.5 ≈22% above current float short decreased 21% since 30Nov
On XBTUSD Daily chart: 1. Potential ABC wave, targeting 4700 if (C) goes 100% of (A) Still learning EW though, I cannot find good breakdown of (1), (3), (5) into sub 5 waves. If someone can throw more light, I'll be grateful 2. Trendline Support 3. Inverse Head and Shoulders, targeting 5500 if complete height of Head is achieved 4. Bullish Divergence on...
Good morning, traders. The descending red resistance line I spoke about on Friday turned out to be exactly what we should be watching as price popped up and through as I was publishing my outlook. The H12 bullish divergence on the MACD histogram also was key. As I continue to tell traders, if you are intent on using EW you should also remain aware of patterns,...
Wait for break and close over the neckline to confirm the pattern.
Long position forming on AUDUSD Inverse Head and Shoulders pattern forming on the 1 hour chart Please wait for the break of the neckline before entering this trade, if the support channel is broken trade is void - the support channel is shown by the highlighted box Please let me know your thoughts i wish you all well!
BTCUSD Trading Bias: Long Technical Strategy: Inverse H&S
AUDUSD Trading Bias: Long Technical Strategy: Inverse Head and Shoulders