Bearish
- Double tops
- Inverse head and shoulders
- Inverse cup and handle
- Bear flag
- Broke down neckline
- Broke down trend line
Everything bearish appeared here.
“A quitter never wins and a winner never quits.”
Wal-Mart Appears Prime for a Run to the Upside!
Patterns Identified- ABCD and an Inverse head & shoulders pattern on Wal-Mart's (WMT) daily chart!
I expect a break of the neckline over the next few sessions. We popped above the trendline today and came back inside the triangle. Also we closed slightly below the zone (see screenshot below).
My next entry on...
The techs are lining up quite nicely for CPNG so far with all 3 moving averages (20,50 and 200) about to cross up in the right order. A break up above the neckline @ 21.35 (esp with solid volume) will be a good buy point. However, it is probably prudent to test with small amount first and add if it pulls back to retest near the neckline (or pyramiding up is ok...
$BLNK seems to be in a falling wedge (bullish) at the moment which can lead the price back to $25-26 zone. We may see a push towards $17 before the stock attempts a break out of the wedge.
If that plays out well, we might also see the right shoulder completing -- a bit too early but good to keep an eye.
Next few weeks seem interesting!
Disclaimer: This is not a...
#BNB/USDT
$BNB seems to broke out from neck line of inverted head and shoulders, and still hold above support zone.
🐮 holding this support zone will increase price toward parallel descending trend line of neck line and break out from this trend line will increase price to touch resistance zone around $440.
🐻 break down from support zone can drop price to...
-Overall the DXY appears bullish, so I'm looking to buy USD pairs
-On the Daily TF price ended in a reversal candlestick after a bullish push
-Expecting price to make a retracement that would ultimately test the neckline of the previous double bottom
- A retest to this area would possibly complete the right shoulder of an inverse head and shoulder candlestick...
Great news for the SUSHI altcoin, because the descending parallel channel is currently breaking out with an elevated volume!
Congratulations to the bulls for this success, and SUSHI is now completely free to go up to my profit target.
Take profit at the 0.618 FIB + strong horizontal resistance, which is between 5.289 - 5.890 USDT. This is an extremely strong...
An inverse H&S that formed over the last 5 months cummulating in a breakup yesterday.
The marked increase in volume in the past week is encouraing and while the low of 173 on 17July (69% fall form it's peak) is likely to be "the low", it is probaby prudent to only buy small amounts now (in view of overall market volatility) and to add if we we a dip back towards...
Hello my Fellow TraderZ,
In recent time, is there any coin which has outperformed most other top 50 coins is $ATOM #Cosmos.
Looks like it is once again ready to settle for Upward Movement.
On smaller TF, Inverse Head&Shoulder is almost ready to play out just waiting to break the neckline and retest it to BOOM.
Target is set for ~10% .
CHEERS!!!
Looking at QNT and Matic which have found their bottom its seems like we are getting a bit of relief rally in other altcoins. I have noticed a few with an inverse head and shoulders Pattern. Matic also had one and it played out. Possible 10% profit if it plays out with ATOM. No financial advise though :) It will be better confirmed if we get above $13.089 and use...
GOLD on the 4h chart reached the recent low at the 1615 level where the price inverted to the upside and tested the descending trendline.
The market creates a inverted Head and shoulder opportunity but we will need to see a right shoulder development in the next house to confirm the pattern.
How can i approach the scanrio?
If the price will break and close above...
A month ago I made a call that NASDAQ would continue to correct through an ABC wave (see related ideas)
So far its playing out so I decided to give it a little more attention, with additional situations for consideration. Patterns could be wider or thinner than anticipated depending on news, fear & volatility.
Bullish scenario: Inverse H&S
Diverging from the...
#DEFI protocol
looks to be triggering right now!
Weekend #Crypto PUMP?
#Bitcoin still poses risks to holders and we are still not out of the woods, a mini run to $20500 seems likely
but we must at some point hold on to the key psychological level of 20k and start making firm progress
as these high@s getting lower on the medium time frame is pushing us into...
This altcoin is on fire right now because the bearish market structure is breaking out!
On the daily chart , we can spot an inverse head and shoulders ( bullish reversal pattern) and a descending parallel channel . Both of these patterns have been destroyed by the bulls recently!
This altcoin can definitely survive an upcoming crash on Bitcoin , so if you are...
