GBPCAD on the 4hchart is creating an inverse head and shoulder pattern.
The price is looking for a completion of the right shoulder and according to Plancton's strategy if there will be a break of the neckline we will be ready to set a nice long order.
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly...
Price structure and price action both look good on hourly, daily, and weekly timeframe.
Any breakout above the trendline could bring fresh buying in the stock and may take prices towards 2480 - 2500 levels.
Obalon Therapeutics, Inc., a vertically integrated medical device company, focuses on developing and commercializing medical devices to treat people with obesity. The company offers the Obalon Balloon System designed to provide weight loss in patients with obesity. Its Obalon Balloon System comprises of a swallowable capsule that contains an inflatable balloon...
Hi guys! 👋🏻
🔔 Inverted head and shoulders and a double bottom patterns could play out well for a long trade, though only above 0.73 resistance which is very strong.
🔔 Tuesday’s monthly New Zealand electronic card retail sales demonstrated growth in purchases, sales in April were up 4%, which is significantly higher than February’s 0.8%. Despite the positive...
FYI - i'm NOT a day trader I just chart for fun and to kill time while I hodl.
Possible day trading setup for anyone looking for a decent 50% return on investment.
Just playing with the charts - killing time while we see sideways action and await the fake SEC case in the next 24 hours
Let me know what you think
BTU broke out of an inverted H&S neckline last week on high volume at 5.30. It is now 6.60 and there is probably a 30% chance (as with many breakouts) that it could retrace back to test the neckline within the first 1-2 wks. However this might not happen.. and with stop loss below 5.30, please position size accordingly if you are still inclined to "chase" this...
Bitcoin has officially break the zone that was varrying in for the past days and reading to go up. This zone between 58500 and 59200 is due to a fib retracement from the down trend before. I am looking for an entry after it retraces back to the zone.
Hi Tradingview community! Per our last analysis, we identified the strong divergence on price x RSI, and Tesla is about to confirm our bullish thesis.
We have an inverted head and shoulders in the H chart. If TSLA break the 683.45 it'll most likely reach our target (gap at 733). Tesla is looking good, my dears! Let's watch the 683!
If you liked this trading...
This stock closely followed the inverted head and should pattern and broke the neckline. The price target today was nearly short of 40 points if compared w/ neck to head distance which is still good. The stock also touched it's near high today.
It will be interesting to see where does stock head this. I am of the opinion that this will show a short term bearish...
At a glance: AKRA is still building up momentum to break out the down trendline formed since late 2017.
False Breakout occurred on the 3rd Week of March 2021.
False Breakout confirmed by Rule of Three methods where the candle only lasted 2 days above the down...
DOGECOIN is making a inverted head and shoulder pattern and both support and resistance trendlines marked in purple lines.
Can buy at green and sell at red lines. Only after closing of 5MIN candle in the zone.
With ETH hitting new ATH and taking more of the total market cap. XRP will continue to move sideways between $1.35-$1.42 before its next leg up. If this plays out should take a few more days to confirm and steal back some of the $ from BTC & ETH.
Anyone else think this might play out? Finish April off where we are currently at before having a super MAY 2021!
Long in NAZARA after giving head and shoulders pattern breakout with trendline breakout.
can buy when closing above 1630 after trendline break
target 1798 the closing above 1800 it can give target of 1898
retest is still pending.
Also can take long in this as gaming industry is the biggest. more than compared to music and flim industry combined.
I wasn't sure some hours ago when I identified so I waited a bit, now I'm sure. I've indicated the target by rules but who knows....
According with the target it should hit 59.5K which makes sense since it's just under an important resistance. If you wanna long this one I think this is a nice entry. Just be aware very often there's a retest of the neckline of the H&S.
According to my analysis, Eurusd might continue with the upward movement. We see bullish pennants being formed and also an inverted head and shoulder pattern which signify continuation with the bullish momentum. Happy trading guys.