Crypto Traders,
Appreciate you taking the time to view my analysis which I hope you may find beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing.
Cheers & Happy Trading!
w Crypto Traders,
Appreciate you taking the time to view my analysis which I hope you may find beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing.
Cheers & Happy...
Gold created head n shoulders this is a buy potential opportunity, this should take up to 1900 area as a final target then a good sell around 1910-1920 area.
Complex Head-and-Shoulders Bottom: Identification Guidelines
Price trend Downward leading to the pattern
Symmetry The shoulders should bottom near the same price, be nearly the same distance from the head, and look similar to their mirror opposite
Volume trend Usually higher on the left side of the pattern. Trends downward 65% of the time. The link to the left...
That wraps-up the trading before the break. The 10 Year Note is top watch as we round the corner to last month of the year. Today, after a pre-market ramp, the 10 year found resistance, fueling the relief rally for NAS. NAS found support, after recovering the Daily MBB.
as the title says, an inverse shoulder head shoulder formation can occur here.
Most trades this after breaking the neckline, but I think it is more interesting to grab this opportunity before with the Fibonacci level.
We can see the initial target for the double bottom breakout has been hit. Now the question is whether or not the higher target which is the Inverse Head and Shoulders breakout target will be hit or not. Odds are good it will be, however we may see a retrace first.
Hi all,
At the end of distribution, we got a strong bounce instead of mark down and the following pattern is a W shaped double bottom formation which is now becoming an inverse head and shoulders. This is bullish and if we get a bounce from 55.850, this can turn in to a breakout.
My stop buy order is ready if this happens, but if you want to take the risk, you...
Another rejection of this zone is needed to reverse the consolidation in the NAS. If this breaks watching for a back-test and the potential of a pressure valve to the upside for rates.
AMC lower prices seems to be increasingly getting higher. It appears AMC might be forming a right inverse shoulder. If that were to be the case AMC can break to $48-$50 easily. Will am AMC get back to $50s again?
Wait the formation of second head that Need to be small than head. This pattern can had 2 second shoulders. Wait the test the necklines for open the long position with stop loss under the shoulder
Target around 64000$
HELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THIS WEEK ON THE POUND CAD.
* Looking at a couple of scenarios on the GBP/CAD
- completion of the INVERSE H&S ON higher time frames
- reversal at 61.8% fib level
- LOOKIMG FOR REVERSAL CONFIRMATIONS ON THE PAIR.
* looking for trend...
Inverted Head & Shoulders for entering high odds trades. Inverted Head & Shoulders is explained and pointed out on charts so you can see how it can be used and implemented to predict next trend.
The only thing to fud this up is Elon tweeting and selling his remaining 5 percent he needs to sell. In the meantime, that can happen within 2 days or 2 months. Until he needs to pay taxes So I'm just gonna ignore it for now and just play cautiously
Bear case:
~IF TSLA breaks the red support line we could see a dip back to 1000
~Note 1000 is a huge psychological...
NYSE:SHLX trade setup:
Inverse head and shoulder bottom
MACD re-crossing positive
20 EMA above 50 EMA and both are upward and accelerating
Last bar was very bullish and broke small trendline
Entry above Friday's high at 12.80
Stop Loss under Nov 1 low at 11.89
Profit target is 15.99
Risk/Reward of 3.5
