In blue I have outlined a bullish flag or descending triangle, or possibly a falling wedge, it appears as though momentum is leaning towards the bears creating a series of lower highs, but the blue downward sloping line of resistance looks like it's about to be breached to the upside, and continued bullish price action could possibly create a inverted H&S pattern....
Based on the 4hr tf we could see clearly an inverted head and shoulders are forming. This also go along with GBPUSD pattern. We could see price continue to go up as GBP currently gaining strength. Buy gbpchf 1.1800-1.1815 Stop loss 1.1730 Take profit 1 @1.1875 Take profit 2 @1.1950 good luck
Based on the 4hr timeframe we could see price making an inverted shoulders head patter. The last 4hr candle close confirm a solid close above the neckline of this pattern. Buy GBPUSD 1.2515 Stop loss 1.2450 Take profit 1 @1.2600 Take profit 2 @1.2675 Take profit 3 @1.2770 good luck
Hello, traders, NAS recently brokes an important resistance level after an inverted head n shoulders pattern. Now, this level is going to act as an important support level. So we must wait for a pullback. Be careful with fake movements. Push the like button and follow us on TV.
With the possibility of creating, at least, an equal high on the weekly time frame, this pair presents a good swing trade opportunity. On the daily time frame, the pair is on a re-test of an important structure level. If the pair rejects this support level, then there is a high probability of the pair rallying from support. Additionally, an inverted H&S is forming...
$GE is forming unconfirmed head and shoulders,bottom. watch for $8.56 for a breakout. 12 months Consensus Price Target: $9.30 if you find my charts useful, please leave me "like" or "comment". Please don't trade according to the ideas, rely on your own knowledge. Thx
Plan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent...
Chart says all; simple idea. Most often after one of these wedges breaks up it will fall back to retest the upper TL before it really takes off. Would give inverted H&S and a higher low; could be the start of an impulsive move higher, to give a double top. Small gap is a weak draw higher. As always, just a nother crackpot idea; FGS do not trade off this, trade...
Pretty self-explanatory. The neckline seems to be angled instead of flat. Extending the trend to the right shoulder, and seeing that there is high liquidity @ 8600, a correction to the neckline would not surprise me. From then on the next notable resistance (and liquidity) is ~12500. I have seen arguments for that ranging just under 10500 as either...
Structure: Bottom formation, Direction: UP Plan: wait for the price to bounce off from key support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make...
Plan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent...
Plan: wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if...
1. Inverted Head and Shoulders 2. Divergence showing price gaining strength 3. Reject off 61.8% Fib 4. Moving Average blue above red 5. Enter at break of neckline
Plan: wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if...
The right shoulder of this inverse head & shoulders is noticeably higher than the left, which makes the pattern more bullish, upon closer observation a Ascending Triangle is potentially about to breakout to the upside. The rsi on a long term time frame of 5 years or more displays bullish momentum or a potential bearish divergence.
Fundamentals: As the economy restores and more people begin to resume work, this will create a demand for more Oil; in return, will require an increase of supply. Technicals: Broke out of a bullish flag, Break and retest.
I have placed 3 green arrows representing the triple bottom, which is also the head of an inverted H&S. The RSI looks healthy, I see no reason why Costco won't perform bullishly going forward. A triple bottom is a visual pattern that shows the buyers (bulls) taking control of the price action from the sellers (bears). A triple bottom is generally seen as three...
Plan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent...