Appears to be potentially highly oversold - clearly an incredibly bearish (nuclear) underlying trend: Potential bottoming ih&s pattern: We did however just form a lower low. This means that it may be prudent with good risk mgmt to run a long, and let the winner run if the price remains bullish. Algo's tend not to stop hunt when the rewards are no longer...
The formation is pretty obvious, and the target setting is pretty easy as well. This is alt-season and the end of a bear market. You can almost throw a dart at the board and make some gains. This trade is a layup. Linked ideas show general bullishness and reversals in the market.
Price action and chart pattern trading setup: > Wave projection possible intermediate 4-wave rebound with inverted head & shoulders reversal pattern and MACD bullish divergence > Entry @ Neckline pullback > Target @ H&S Target or 0.386 retracement of previous 3-wave +6% upside > Stop @ right shoulder - 3% downside > RRR: 2:1 The downtrend target C-wave or final...
Signs of trend reversal on Deepak Nitrite a close above 1920 will take it to 2020 in no time Inverted head and shoulder formation
Looks like have good upside broken trendline nd took a support on trendline RSI bullish Close about 270 can take it to 288 in short term and even further Stay tuned
Price action and chart pattern trading > Wave projection double zigzag correction ABC with downtrend channel breakout and EMA5 crossover SMA50 above neckline > Inverted head and shoulders breakout, possible wave 1 > Target @ previous A-wave +50% upside > Stoploss @ right shoulder -15-20% downside > RRR 3:1 Always trade with affordable risk and respect your stoploss
Aim for 5-8%. It can be easily achievable in 1-3 days. My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2. The reason for booking profit of only 5-8% is because the market direction is not sure at this point. So better to aim for 1:1 risk-reward and rotate your money in better opportunities. Take trade if all...
ZM (Zoom Video Comm) An inverse head and shoulders is the inverted version of the head and shoulders , except that it's a bottoming pattern used to predict reversal in downtrends. ZM is now trying to form its right shoulder. The pattern will be confirmed once we reach and break the neckline at about 124. So the best place to enter a long trade is to wait...
In my analysis of GBP/USD on the DAILY Chart , I forecast that price is moving toward the monthly resistance price of $1.34533 after breaking the neck of the Inverted Head & Shoulders and retesting support. In this analysis, I utilized chart patterns and price action. FX:GBPUSD
We have some Bullish Divergence on the RSI and a Potential Inverse Head and Shoulders forming at the PCZ of a Bullish ABCD on Microsoft.
USD has been climbing like crazy so it's hard to believe that it's got a lot higher to go but I'm pretty sure it does. Some T/A that supports this thesis is the inverted head and shoulders pattern on this 6 month chart which gives a short term target in a range that extends all the way to $110.
Along this strong horizontal line two distinct inverse H&S formations can be seen With the right shoulder of the second one yet to form (indicated by yellow arrow) Price should revert to bull once horizontal is touched
If this setup unfolds I will be going in for nice longs....1:2.83R which becomes 1:4R on scale-in. Like and Subscribe.
We have a Potential Inverted Head and Shoulders with some Hidden Bullish Divergence on the side with the new's of Boris's Resignation we may have an Elevated Chance of seeing the GBP perform well enough to atleast trade back up to the Neckline.
I'm liking the looks of alot of the Food Companies like General Mills, Smuckers, Post, and Nestle. As a Result i will be entering Bullish Positions on POST, GIS, and Nestle(NSRGY).
Bharti made inverted head & shouldeer pattern on hourly chart & trading above neckline with decent volumes. Could be bought with mentioned stoploss & targets.
Price action and chart pattern trading setup > Elliott Wave Projection - possible end of correction ABC > Upcoming trend reversal pattern - inverted head & shoulders > Entry @ Neck line breakout > 1st Target TP1 - SMA200 and TP2 - previous Wave (B) position > Stoploss @ head position > RRR: 2:1 > Indicator: MACD bullish divergence Always trade with affordable...
This is an inverted Head and Shoulders pattern Left Shoulder Head Right Shoulder Demonstrative piece