I'm liking the look of this inverse Head & Shoulders forming, as well as approaching the down trend resistance we've been in since November. RSI broke this downtrend a while ago and recently re-tested, so I'd expect to see similar happen on the chart.
We're also in a descneding broadening wedge, recently bouncing off the bottom and looking to head towards...
4H Inverse Head & Shoulder
4H Bearish Divergence
1H Bearish engulfing is about to close 10 pm est. (Start of drop/pullback)
Expecting drop to 4h 50 EMA where previous support was or possibly a lil further.
Expecting one of the 2 levels to hold as support before continuing inverse head and shoulder pattern to upside.
Hello Friends,
Currently, most of the cryptocurrencies are in a downtrend but WXT is in uptrend. It also looks like Wirex is forming an inverse head and shoulder pattern. We can get some decent profit if WXT continuous uptrend. Don't forget to manage your risk as the crypto market is highly volatile in nature.
Wirex (WXT) is a unique multi-blockchain...
GBPUSD has formed an inverted head n shoulder pattern indicating a bullish retracement is happening.
The Retracement target is the broken support turned resistance.
Here is a look at the possible Inverted Head and Shoulder formation on SPY (1hr)
One thing to keep in mind, SPY is clearly in a downtrend, and there is no point in trying to time the bottom, the smartest thing to do is play what you see, take profits, reset and do it again.
On this 1 HR chart, there is a possible inverted H&S in the making.
Left shoulder being...
U.S Dollar index , is very bullish today because it has formulated inverted head and shoulder and the target is 103.700 with a stop loss of %3 of your account.
Hello Birdies.
I think BTC is forming a inverse H&S. It has a 72% success rate. If this happens it will put BTC right at the red line which we are looking to short as another big dump.
You can look into our previous charts and you will see that purple price tag there as well..
#BTC/USDT
$BTC broke out from neckline of inverse head and shoulders pattern.
and confirmed it as support.
so holding the neckline as support can increase price to resistance zone between $33k and $34500.
As you can see, the market is following the predicted movement. The only problem we're facing is because of Terra a.k.a. $LUNA.
Apparently, Luna Foundation has transferred 80,394 $BTC from their reserves to Binance and Gemini. Let's see what their next movement is headed to.
If you like my idea then please like, share, and comment below.
According to my view,Technicaly can be seen a inverse head and shoulder pattern in 15 min time frame, If BTC trying to test neckline I ll open my long position arround $ 29,500 - 29,750.
TP1 - $ 32000
TP2 - $ 33000
SL - $ 28750
#DYOR#
#IamNotaFinancialAdvisor#
Thank You
GBPAUD took support from Daily EMA12 and it's forming inverse head & shoulder on the lower timeframe. Watch out for the breakout for the targets marked on the charts.
Gonna post this one once again right here.. inverse H/S setting up .. gonna create lots of TSLA fanboys to come out of no where lol and hope for 1200 test.
Close under 696 on the week and this may not play out.
DOT/USDT
🟢entry: $18.060- $17.295
❌stoploss: $17.730
🎯tp1: $28.420- $27.360
🔼potential %profit: +56.57%
🔽potential %loss: -10.66%
r/r: 5.31
Hi Everyone,
🥀this trade idea is fairly self-explanatory. i see an inverse head-and-shoulder pattern developing. in addition to the chart pattern, there is significant volume and the left shoulder, the head, and (to a...
Inverse Head and Shoulders: The two targets represent a Unlogged & Logged projection from the Head to the neckline. Giving two vastly different results. To meet the 100:1 doge:hex ratio could signal which seems outrageous. But during a prolonged bear market. we can definitely witness a Doge at a Penny. And the premier store house of value reach a Dollar in the...
