Inverse H&S on Daily familiar pattern for GBPAUD Entry at 1.83500 Stop Loss 1.83000 TP 1 1.84000 TP 2 1.84500 TP 3 1.85000 Tp 4 Open
After a back-test of the 2h 50 SMA, Mana completed the right shoulder construction. A test of the neckline at the 2h 8 EMA resulted in a 8% break to the upside. Finding resistance at the Break Target 50%, with dual 2h wick extended over the UBB.
Based on a simple inverse head and shoulders target complimented by Fibonacci price points CHWY may head to the upper 80s. There is also a gap to fill that coincides with that level.
Testing the neckline and the upper bound of the descending resistance.
UTKUSDT 4h timeframe inverse head and shoulders chart pattern
In scenario a 2H Higher Low would be set and the right shoulder of an iH&S would form, challenging the neckline. The bear path sees a loss of the wedge and a bear back-test to a Lower Low.
Too early to say yet but this power earnings gap is a positive step. Like BT, Vodafone has been suffering a significant downtrend, but it may be coming out of it. Wait and see.
Somehow SOL is going to make this IH&S pattern $400 price target happen. Just hold spot and wait IMO..
Price targets are as shown. Don't forget to take profits!
There is a inverse head and shoulders chart pattern on the NEOUSDT chart
There is a inverse head and shoulders chart pattern on the DREPUSDT chart
-Inverse Head & Shoulders on the Daily - Breakout Level/Neckline at 345.02 - Low compression squeezes on the 4Hr and Daily. -Possible short term target @ 350 and gap fill around 355. NASDAQ:FB
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The stock has broke out after forming Inverse Head & Shoulders after a downtrend indicating change in direction High volumes on breakout. Look for a small retracement to enter with a small SL. Trade at your own risk!!! For educational purpose.
Inverse Head and Shoulder/Cup and Handle , Fundamentals are Avg but supports for a 3-4 months of trade.
Inverse Head and Shoulder + Highest Ever Net Profit
Inverse head and shoulder formed on the 2D timeframe. The past two days retested the neckline, which turned into support. The measured move for this pattern is 3900. I am keeping a tight stop loss since I will be playing options for this short-term trade.
In this video: Filecoin price action Where we are, where we're headed Intermediate target $95 Longer term swing trade target $235