Clorox has Covid new variant as a catalyst. Has fallen the past two earnings. Inverse H&S (Head and shoulders ) on the Daily. Has not closed back below support. Entry : Here $174.00 S/L : $170-$172 TP 1 $178 TP 2 $182 TP 3 $185 TP 4 $190 TP 5 Open Like , follow and comment Happy Trading Week
Inverse Head and Shoulders setting up at the neckline. If the bulls win then we should see a huge pop off the 50 moving average.
- ATOM is one of the great looking coins on the crypto market right now. - On the weekly chart we can spot a head and shoulders - reversal bullish pattern. - Also ATOM vs USDT looks very nice for upcoming uptrend.
Can trade with 2.170 or 2.180 retest lvls or can initiate with conservative style of of buying above 2.253 Target 🎯 2.430 Sl 2.090 Happy trading.....
HEX appears to be printing a smaller inv-H&S pattern embedded inside the right shoulder of a larger one. Will be interesting to see how it plays out.
Gold usually performs the last month of the year, entering a strong seasonal phase. Gold miners tends to anticipate gold's move. GDX is a Gold miners ETF . The price is currently reaching a resistance level. Should we be bearish? Not necessarily. If you look at the chart you can see an inverse head and shoulders , also called a "head and shoulders...
Seems to have formed an inverse H&S pattern, but will it breakout?
New trader here, would greatly appreciate any feedback on my rudimentary analysis. I have been watching $JD and am proposing the potential development of an Inverse Head and Shoulders pattern. I would now be looking for a pullback from the neckline (top purple box ~$71) to the shoulder line (middle purple box ~$65), before a break of the neckline to enter a long...
Here is what stocks we are going to be watching for this week NASDAQ:NVDA Scalping puts under $270 Targets: $269, $268, $267, $266 NASDAQ:FB Scalping Calls over $337 Targets: $338, $339, $340 NYSE:UPS Scalping Calls over $220 Targets: $221, $222, $223
If you're bullish oil, watch BP for potential break out. Initial target between 28 and 30, then 34-35
MTCH has been in a very well defined range since November 2020. Support and resistance are clear. Are we finally going to break above this range? We had several breakout in the past but the price always came back very quickly in the range. One could initiate a long position if we break, with a stop below the line. I see an inverted head and shoulders on the...
- The price is currently breaking down the trendline established in Jun 2021. - As we can see on the daily timefrrame, there is a huge rising wedge that is currently also breaking down. - Looks bad as the bearish head and shoulders pattern is also breaking down the neckline. - MACD bearish cross on the daily/weekly chart.
- MKR is forming an head and shoulders - bearish pattern on the daily chart. - On the weekly chart, we can spot also a huge descending / symmetrical triangle. - The situation is not looking good for MKR at this moment as bears want the price to go lower. - I think below 2100 are lots of stop losses and stop market orders are waiting to be triggered.
$41k-$42.5k seems to be the zone of support and all indicators are showing oversold conditions. Seems to be creating a nice inverted head and shoulders, however that is more speculating than anything at this point. A break support would negate this theory and a break of trend to the upwards side would confirm a long position here.
Hello, today, we are going to talk about cryptocurrencies. And in this post, we will take a look at Bitcoin (BTC) One of the most famous cryptocurrency is Bitcoin, so, what is he doing? Well, he´s not doing really well, all cryptocurrencies are dipping (falling down), but that doesn´t means to sell!! I found an Head & Shoulders pattern here. The big line that i...
We can see price action is currently in a falling wedge…if we break up rom the falling wedge sooner than later it can still function as a pennant. If it does the measured move will be the size of the pole instead of the pennant. So based on our yet to be hit inverse h&s target I lined the measured move up for the falling wedge/bull pennant to be the exact same...
zooming in on the daily timer frame we can see a possible inverse H&S pattern GLTA
Palantir $PLTR could have found bottom possible INVERSE H&S pattern on weekly needs to get back over 18 to confirm a pattern within then next 2 candles (weeks) needs to hold above $16 or further downside risk