We already shared our view on daily chart last week (see analysis below), so today we will look for some potential Patterns on intraday chart. Having said that, if we look at the 1H chart, we cannot exclude the formation of Inverted Head and Shoulders, if this fails, the Price Action should trigger a new Low and a return to the bearish trend also on daily chart....
JP Power has completed a long-term inverted Head and Shoulder pattern recently. Considering this positive move, we should expect a move up to double the current levels from 10.50.
Keep tracking the move and invest sensibly.
A quick look at how Bitcoin could drop as low as 25-26k or even 22-23 and remain bullish.
Bitcoin first broke above an inverted HS, which ultimately led to a parallel channel breakout on the weekly chart.
We haven't yet re-tested the top of that channel.
A re-test doesn't always occur, but if it does a re-test at 25-26k is easily still bullish and remains...
The stock has printed an interesting, inverted head and shoulders and its currently rising above the upsloping 20/50 ema's.
While bulls hold it above R10.90 , the bull flag is likely to play out but for a longer term horizon, a stop below R10 would be preferable. The pattern targets R16 eventually.
The inverse head and shoulders is a technical chart pattern...
Pretty strong down moves in a wild ride likely a setup for BTFD, CPI numbers Thursday AM the catalyst for retracement move.
Probly don't wanna be short right now. Could tank again if more geopolitical news smacks it down but absent adversity, expect a lift.
Any lift will be a countertrend move in a primary downtrend.
Likely target is the 0.62 Fibo retracement...
Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Gold 💪
After the simpe monthly break and retest and also a retest of the 0.382 monthly fibonacci retracement Gold perfectly created the bullish continuation towards the upside and I do expect new all time highs on Gold in...
JD.com has created an inverted H&S pattern over the summer and is attempting to break above the neckline. This isn't a textbook H&S since the neckline hasn't been a hard resistance level for price when looking at the violation above the neckline at the right shoulder, but that appears to have been an outlier with a gap up and almost immediate gap back down below...
Company: Assurant Inc.
Ticker: AIZ
Exchange: NYSE
Sector: Financials
Introduction:
In this analysis, we focus on Assurant Inc. (AIZ) listed on the NYSE, an important player in the financial sector. The daily chart highlights a potential bullish reversal signaled by an Inverted Head and Shoulders pattern that has been forming over the past 39 weeks.
Inverted...
Company: Zions Bancorporation N.A.
Ticker: ZION
Exchange: NASDAQ
Sector: Finance
Introduction:
In today's analysis, we turn our attention to Zions Bancorporation N.A. (ZION) listed on the NASDAQ, a noteworthy constituent of the finance sector. Examining the daily chart reveals a potential bullish reversal in the form of an Inverted Head and Shoulders pattern...
Welcome back! Let me know your thoughts in the comments!
** GBPCAD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Confluent Wave Analysis with price action and chart pattern trading setup:
> The third wave correction after doubled zigzag ABC pattern forming a valid inverted head & shoulders pattern with barrier triangle ABCDE wave - with confirmation fake breakout D and E wave.
> Entry at B-D downtrend line breakout / WMA50 week
> Target 1 @ 161.8% Fibonanci extension...
Palladium - 24h expiry
A bullish reverse Head and Shoulders has formed.
Bespoke support is located at 1355.
We look to buy dips.
With signals for sentiment at oversold extremes, the dip could not be extended.
Offers ample risk/reward to buy at the market.
We look to Buy at 1350.1 (stop at 1326.1)
Our profit targets will be 1410.1 and 1420.1
Resistance:...
The Inverse Head and Shoulders pattern is a classic technical analysis pattern that signals a reversal in trend from bearish to bullish. It is the exact opposite of the Head and Shoulders pattern which indicates a bearish trend reversal.
Here's a detailed description of the Inverse Head and Shoulders pattern with key indicators:
1. Formation : This pattern is...
