IOTXUSDT created an inverse head and shoulder on weekly support, and now the price is testing daily resistance.
IF the price will break the resistance and flips into support According to Plancton's strategy, we can set a nice order
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
If the price close above 1.185 strongly, I will wait for a short retest and Buy!
Easy trade. Set your alarm and wait for the breakout and retest.
If these do not happen, do not trade!
Good Luck Everyone!
X Force Global Analysis:
Roku is an American company offering a line of digital media players that offer access to streaming media content. In this analysis, we take a look at the technicals and fundamentals of this stock, assessing potentiality for a bullish rally.
- Roku stock has declined by almost 40% from its highs due to the...
X Force Global Analysis:
3M (MMM) is a multinational conglomerate corporation operating in the fields of industry, worker safety, US health care, and consumer goods. In this analysis, we take a purely technical approach to the stock, assessing its bullish probabilities.
- What's most noticeable in 3M's weekly chart is the descending parallel...
SUGAR creates an inverse Head and shoulder on historical support. As we know Inverse Head and shoulder is a common reversal sign after a long bearish environment.
We will wait a breakout on neckline and retest it with a nice volume and according with Plancton's signal we will set a nice long order
Here is the Plancton0618 technical analysis, please comment...
AMD is forming a reverse head and shoulders. If we can break the ATH resistance on good volume, AMD will probably keep rallying.
RSI has been trending higher, but it is not as high as it was in its past peak. (short-term bear).
OBV has been trending higher, and its current value is slightly higher than its previous peak (short-term bull).
Keeping on a watchlist.
X FORCE GLOBAL ANALYSIS:
In this analysis, we take a look at both technicals and fundamentals for Nvidia (NVDA)
- We see a text book reverse head and shoulders pattern
- It seems as though the right shoulder has also finished forming, and our neckline remains around our support at $285
- Our all time high resistance sits at $315
- The Relative...
XRP hodlers don't panic!
I believe we are gonna form a reverse head and shoulders pattern, which is a bullish pattern . Plus, for now XRP held a MAJOR long term descending support line beautifully, which used to be a strong resistance for MONTHS. So be patient for a little longer, it will pay out.
Spoofing or someone just dumped a whole load of shares on RR.
In any case that must have taken most of long positions out for retail traders since stop losses must have been triggered on this one,
With no buyers left price heads south, still bullish on this one and still on the trade as we broke out of this descending wedge that we have been in for a while,
The chart shows everything. Notice the reverse head and shoulders in play.
A break above the nearest resistance and neckline could provide a nice entry.
Please take a moment to like this idea.
Technical Analysis alone is meaningless. You need a complete trading system.
You need proper position sizing.
A watch list of what you will trade.
Hello! - This is a textbook chart for the bulls.
1) Notice the perfect reverse head and shoulders forming in order to test the 28$ highs in the coming month.
2) Notice the MACD signaling a strong buy with the RSI signaling there is more room to run until overbought. - Good volume too.
3) Notice the overall trend in both MRVL and the SnP 500 - there are similar...
Considering Netcare's price action holds up today and closes above the neckline level at 18.65, we are witnessing the completion of an inverse or reverse Head & Shoulders formation. Results released yesterday have been received well by the market, which should ease investors concerns for the time being.
These patterns are reversal patterns that form at the end of...