Inverse Head and Shoulders

NYFinancials Updated 

If the inner pattern plays out (purple), the outer (cyan) might be more likely to happen, which would increase the likelihood that we've bottomed out long term. DISCLAIMER: This entire idea becomes meaningless if breakout above 8400-8500 doesn't occur in the next couple days.

MAGICMARK

Folks, I want to be clear ... I believe we are in a bear market, very little doubt otherwise. I have presented 2 scenarios, one being that we are going down to 6.9k or so as part of a wave E of a triangle wave, and the other saying we are in an impulse up and are just experiencing wave 2 which is a natural correction .... and that I believe that WAVE E (down) is...

MAGICMARK

I'm sure some of you have seen the massive head and shoulder forming for ETH on the higher time frames. Last week I posted a possible IHS forming on ETH (see black line). ETH has been generally holding up fine as BTC weathers down (compared to other alts), so I'm not totally switching off of it yet. Here's what i'm thinking ... I got in close to the neckline ......

kcFX

H4 timeframe Potential buy setup on AUDUSD Inverse head and shoulders pattern forming, waiting for price to break above neckline before going LONG

altcoinrookie1

Buy zone in the square Inverse H&S

EWS

My long-term preferred count indicates, that a long-term low could be in place with the test of 0.7410. A clear break above resistance at 0.7567 will be a strong indication that this is the case. If my long-term count is correct, then wave 2/ bottomed with the test of 0.7410 and a new impulsive rally is about to begin in wave 3/ for a rally to above the peak of...

kcFX

Daily Charts AUDJPY potential head and shoulders pattern waiting for price to break above neckline to go LONG

Jrussell86

W/ Confirmed breakout, PT ≈ 3.7. Correvio completed CRME aquisition effective today. Also Q1ER w/ EPS miss, but REV beat. HS inverse w/ + daily detected momentum and MACD ready to cross, right after golden cross of 50 & 200 DMA on 09MAY.

MILLENIUMCIRCLE

Inverse head and shoulders initiating a bull run to psych level potentially beyond Unless it rejects 84 again

MAGICMARK

Well, those of you who got into ETH down below should be happy. But there might be more, as long as BTC doesn't mess this up (and I have a feeling it will)... There are some nice jumps to be made with ETH between heavy resistance. Alts are fairly coupled with BTC and if bitcoin gives them that little push they need to get over resistance, then we have...

roscotrader

Enter when price closes above Neckline. Inverse H&S 4 hr AUDUSD. SL 74.20 TP1 76.50 TP2 77.40 When TP1 hits target,move SL to BE for TP2.

roscotrader

Inverse H&S 4hr A/J. Enter long when price close above Neckline. Move SL to BE when price reaches 83.10 Also Inverse H&S on the Weekly Chart A/J.

bseegs

Inverse Head and Shoulder forming on ENG/ETH. Likely will bring it to the top of the recent range trading

SwingBatter12 Updated 

Inverse Head and Shoulders forming. Neckline is at around 3.94. Think this will definitely run up to the resistance point at 4.16 which would be a 4% gain from current price of $4. If passes that resistance I see this running to 4.31 at least which would be about an 8% gain. Also a bullish flag is forming just above the neckline which make me even more...

CryptoWolfPack

Possible inverse H&S forming, symmetrical triangle breakout pending. BUY - 55- 60 Short term targets- 63 69 73 83 Mid term targets- 92 104 114 Stop loss- 50

Jrussell86

6 mo long inverse HS, measure rule implies PT just high enough to fill gap (≈100% higher than now) Be on watch may retrace to lower NL level before actually breaking out. Momentum initiated as + on weekly interval today and monthly less negative.

samandreasfault

Inverse H&S playing out. Definitely headed for a test of that downtrend line. Bullish.

serekamina

BTC maintains a decent opportunity here to recover from the current healthy pullback and clear 10k. Bulls need to hold above 9k. Will they pull through? We'll have to see.