Plan : wait for prices to bounce off horizontal support --> 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 you...
Hi friends, I will keep this write-up short as the chart is self-explanatory. Please carefully read the notes on all 4 time frame charts. We have bullish reversal signals on multiple time frames for a long swing trade and potentially more to come in 2020. I have been accumulating Bitcoin at every dip with anticipation that the low of 6,450 has been set for the...
Inverted Head & Shoulders Actually, yesterday's Bullish Engulfing was the second around the $7,000. Before Christmas, the Bitcoin price did also a pretty powerful climb upwards which end up with an Engulfing candlestick pattern on the Daily, it was a Head!? Yes head, we are pretty close to getting a confirmed Inverted H&S breakout. IHS is a bullish chart pattern...
1. We focus on price action, levels and probabilities. News, drama, and other non order flow related information carries little weight in our decision making process. I have been explaining that the probability of this overall location favors bullish reversals which is why we did not exit our swing trade long in the face of bearish order flow (see 7275 to 5464...
IHNS Breakout and may retest before the big move.
Is a massive inverted head and shoulders pattern going to play out its already been forming over forming for over 12 months so if it does form it will take another few months to play out but if it does playout it will the start of something big!!!!
Note : from the previous setup I have secured +130 pips and doing 50% partial close (link below), my position is now safe with SL breakeven. Congrats to fellow traders who follow and here are the next plan updates ;) Plan : wait for prices to bounce off horizontal / trendline support --> wait for the rejection candle pattern to form e.g. bullish engulfing ,...
Chart is shared for study purpose. It is forming IHNS near to longtime trendline so expecting Breakout.
The dow jones is currently playing out an inverted head and shoulders on the monthly chart. This is unusual pattern as an inverted head and shoulders usually happens at the bottom of a down trend, not uptrend. But the pattern is in perfect shape. Direction is unclear at the moment.
Early Inverted H&S can be seen forming, a left shoulder and a head can be observed. This theory is supported by both rising CVI and volume RSI. Risky trade.
Note : on the 13th of December I predict the inverted H&S pattern will form in the next few weeks (link below) and it really happens now, so what's next? Plan : wait for prices to bounce off trendline support --> wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar etc --> BUY **Disclaimer** the content on this analysis is subject to...
Plan : 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 you like my ideas and do take the same trade like i do,...
To start, there have been many bearish indicators over the last few days trying to match 5Y charts, but these support levels have held very strongly, and we have now initiated bounce back up. With an intraday and larger scale inverted head and shoulders pattern, we could see a pop coming soon! Matched with 1Y and smaller charts, SQ could be squeezed higher, and...
BINANCE:BATBTC $BAT is forming a inverted head and shoulder pattern. It broke out. So i'm buying on retest. If you like my analysis smash the like button and follow me for more crypto TA.
NYSE:DRH NYSE: DRH DiamondRock Hospitality An inverted HnS neckline was broken on the 16th which will make price target the 11.75 then the 12.15. Aggressively one can enter now but more conservative traders can look for a retracement back into the neckline but this might not occur if price continues to rally.
Note : i see the possibility of descending broadening wedge and inverted H&S pattern formation, we'll see ;) **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 you like my ideas and do take the same trade...
- Price tested the 200ma and has formed a IHS which should open a new leg up - A break below 141.25 will target gap close below on the failed pattern trade - MANAGE YOUR RISK - Disclaimer: All ideas are my opinion and should not be taken as financial advice. NYSE:SPOT
Note : key resistance breakout --> wait for prices to bounce off key support (resistance become support) --> 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...