- SHOP is in a rising trend channel in the medium long term.
- An inverse head and shoulders formation is under development.
- A decisive break of the resistance at 57.16, ideally with an increase in volume, signals a further rise.
- SHOP has given a positive signal from the inverse head and shoulders formation by a break up through the resistance at 44.
- SHOP ...
On the chart, we can see an inverted head and shoulder, which is ready to breakout.
We expect it to go to the upside, whereas we will take an entry at the breakout of the neckline.
This will give us a ROI of 18%.
More details are shown on the chart
This is Alibaba daily chart.
Price currently just below 0.618 Fibonacci retracement level from October low to January high.
Possible inverted head and shoulders to consider as well.
RSI in the lows.
There are a few gaps that could be filled. so I see 77-82 as a potential buying zone for a long term investment into this Chinese beaten down stock OR a...
$RIF has formed Inverse Head & Shoulder on daily TF which is heavily bullish sign. After a sharp downtrend and price reversal at around 0.1350-0.1400, it has clearly made another shoulder which is a right shoulder.
I am waiting for candle close at 4H TF and then I'll take entry. Entry will be around 0.1425 to 0.1450 with a first TP target in sight at 0.2000, and...
The GBP-JPY pair traded at 161.700 and also creates the inverse head& shoulder. And also need to breakout the neckline and retest then take a trade on it.
Choppiness prevails. This is a premium sellers dream and a nightmare for swings.
Looks to me like the low is in for the short term cycle. Price never dipped low enough into the diag demand zone I projected on the 23rd for the bullseye target
Price seems to have found some support off the indecision zone today. I'm neutral-to-bullish until we lose 394.5.
In...
I focused on the bullish pennant btc recently broke up from on my last chart, so for this one I wanted to focus now on the inv h&s patterns and the rising channels since btc price action is now above them. The green inv h&s pattern is the most obvious one, however there is also one with an ascending neckline(in lavender) even though the lavender inv h&s is smaller...
ADA has created an Inverse head and shoulder pattern which means a great bullish trend is on the Horizon. If the price follows this pattern's expected movement,we shall see it reach 0.70 pretty soon or at least in mid term duration. The expected movement is as much as the measured price movement ( AB=CD ). The Break out has not Happened yet.
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Everyone thinks that the bottom is in and we are going to a new all-time high, but in my opinion, that's definitely not true. In this analysis, I will tell you why!
First of all, we need to take a look at the huge dump that occurred in 2021–2022 (from 69k to 15k). From the Elliott Wave perspective, it's most likely an impulse wave, not a corrective wave,...
How about you guys but I clearly see a inverse head and shoulders with a perfect neckline to perfection. Let me know what you guys think. It looks a lot better and different time frames as in smaller time frames, where it actually shows two smaller little shoulders on each side as well like those small appendixs on an inverted head and shoulders although this goes...
HIGHUSDT recently bounced on the 0.786 Fibonacci level, indicating a potential reversal in the market. Additionally, on the 4-hour timeframe, an inverse head and shoulders pattern is being formed, which is a bullish signal.
An inverse head and shoulders pattern is a technical analysis pattern that typically forms after a downtrend and signals a potential trend...
DOGEUSDT is testing its historical 4-hour trendline, which suggests that the price may experience a significant price movement in the near future.
Furthermore, the price action is creating an inverse head and shoulders pattern, a bullish reversal pattern that occurs after a downtrend. This pattern is forming below the supply zone, which is a resistance area that...
In this update we review the recent price action in the AUDNZD and identify the next high probability trading opportunity and price objectives to target
It's not unreasonable to be bearish these days.
I don't have a very positive outlook for macro or vol events.
One frequent reader I chat with asked me if I could look at the market and what I thought would happen from a purely technical analysis.
I gave him this inverse head & shoulder on Mar 15th.
s3.tradingview.com
I was convinced the market would not...
- NVDA has broken up through the ceiling of the rising trend channel in the medium long term, which signals an even stronger rising rate.
- The positive development, however, may give rise to short term corrections down from today's level.
- It also gave positive signal from the inverse head and shoulders formation at the break up through the resistance at 178.
-...
BTCUSD is in its natural up trending spirit again. This was confirmed by noticing a relatively strong bullish reversal pattern within a stronger reversal pattern, the Inverted Head & Shoulders patters. this can be made clear buy utilizing the different variations of candles. The Candlesticks chart, the Line chart, as well as the area chart. Simple structure...
![SHOP: SHOP - Rising Trend Channel [MIDTERM]](https://s3.tradingview.com/1/1D01XisC_mid.png "SHOP - Rising Trend Channel [MIDTERM]")
![NVDA: NVDA - Breakout Rising Trend [MIDTERM]](https://s3.tradingview.com/r/rKSvAQ1Y_mid.png "NVDA - Breakout Rising Trend [MIDTERM]")
