Inverted H&S has completed on the H1 time frame, where the head and right shoulder has also formed a textbook version of cup and handle (Round-shape cup & not-too-deep handle). Supporting with the piercing line pattern and just hitted 0.618 retracement on daily timeframe, I would enter the position as soon as the market opens. (Calculation of TP and SL...
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: 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...
This is just an update post on the successful formation of the inverted Head and Shoulder formation. If you went Long at the neckline, you would be seeing a huge profits in return.
Im expecting EURJPY to make an inverted H&S before more upwards. For now i will be looking for entry once broken trend line towards the neckline of the potential inverted H&S before next leg down to form the right shoulder before for more upside. Will update the chart as the day goes. trade safe.
Look for trend reversal upward, could ride till next 1000 quarter point
Before we get into this idea, please note that performance is not guaranteed. I recommend doing your own research before entering any trade. Your upvotes & comments are appreciated. Today I'd like to update you on the ascending triangle I shared not too long ago (see below). I expected a breakout before the first of June. In between now and then, the...
As you see we have invertet head and shoulders, with the begining of right arm. Also we have long position on MACD on daily chart.
After multiple days of bullish price action, price is now pushing against the neckline of an inverted H&S pattern that has a price target of around $250.
The RSI is displaying a bullish flag pattern that is currently breaking the downward sloping resistance, meanwhile, the Inverted H&S pattern is noticeability visible on the RSI as well.
It appears as though Bitcoin is forming an inverted Head & Shoulders inside of a more macro Ascending Triangle. The RSI is displaying a divergence from the price as well, you can notice there seems to be a sloping line of resistance on the RSI forming a descending triangle pattern. Bearish divergences signify potential downtrends when prices rally to a new high...
Ko appears to be a preparing for a nice bullish move. 1.) It has respected the trend line 2.) price has created a higher low 3.) found support at the 38.2 fib level 4.) a bullish flag appears to be present 5.) an inverse head and shoulders
Potentially a Ascending Triangle as well, but we haven't seen a retest of the blue upward sloping support, instead Canopy has created a series of higher lows forming an inverted head & shoulders, next week will confirm the trend. An inverse head and shoulders, also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but...
ACB has been on a nice bullish uptrend since the 12 for 1 stock split, that was a great move on their behalf, however, it is interesting to see them buy a U.S asset & issue shares immediately after lol. An inverse head and shoulders is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in...
CUSP.P has been hiding under the radar since Bruce Linton & the CFO of Cronos joined last year, I wonder what cannabis-related ventures are awaiting announcement? An inverse head and shoulders is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends An inverse head and shoulders...
OANDA:EURUSD
Looking at the 4hour chart of EURUSD, it can be found that an inverted Head and Shoulders is forming as seen drawn on the chart above. This signals very strong bullish movement. A triangle formation is able to be formed as well in the 4 hour time frame (Not shown here) which corresponds with a bullish movement as it breaks upward from the triangle. Looking into...