Get started

Inverse Head and Shoulders

Avax confirming the log channel breakout.You can see on this log chart that Avax has confirmed a breakout above the yellow channel. On its way to the breakout target it has los broken above an inv h&s neckline. This is a very asymmetrical inverse head and shoulders pattern as we can see the right shoulder is extremely tiny and the head appears to be Siamese. All the same if this inverse head and shoulders pattern also validate the breakout target for it is around $56. *not financial advice*
BINANCE:AVAXUSD
by DrDovetail
Possible Channel Break Re-testsA quick look at how Bitcoin could drop as low as 25-26k or even 22-23 and remain bullish. Bitcoin first broke above an inverted HS, which ultimately led to a parallel channel breakout on the weekly chart. We haven't yet re-tested the top of that channel. A re-test doesn't always occur, but if it does a re-test at 25-26k is easily still bullish and remains above both pattern breaks. There's also the possibility of a pullback below the inverted HS that still remains above the channel if a re-test occurs but gets dragged out for weeks. A prolonged re-test could pullback below the inverted HS, yet remain above the parallel channel, going as low as 22-23k or even lower (below 20k) if it is prolonged further.
INDEX:BTCUSDLong
by dudebruhwhoa
Keep your trades simple_ZYDUS_TRADE_SETUPWhen a stock gives you a clean breakout, you take it!! INR 650 level had been providing a strong resistance to this particular stock for more than 4 months now. The stock, in an attempt to go past this resistance made few dips and rallies which led to formation of an inverted head &shoulders pattern on the chart. INR 650 was the neckline of the pattern and the stock broke the neckline and closed above it with vol expansion on Thursday's trading session. The target pattern projection suggests an upward target of around INR720-730 for the stock. INR 650 should be a major support now. CMP - INR 657 SUPPORT - INR 650 TARGET - INR 720 SL - INR 635 Note*- The views expressed are based on personal observations/opinions. Please do you own research before making any trading decisions.
NSE:ZYDUSLIFELong
by neeraj_2_sharma
4
FET in a sizable inverse head and shoulder pattern.We can see that the right shoulder on the FETUSD chart has just now been completed and is retesting the neckline of the inverse head and shoulders for the 1st time upon its completion. Usually in these situations lately especially in the early phases of the bul market, we have seen several other cryptos do a headfake on their first attempt at breaking above the neckline of an inverse head and shoulder pattern..some times even 2-3 fake out breaks before the inevitable real breakout…so there is then a reasonable possibility that this could see at least 1 correction or pull back before the legitimate breakout up from this pattern. In the sideways market we would sometimes get as many as 5 head fakes before the real one…in phase 1 of the bull 2-3 but if we are entering phase 2 of the bull we may see these kind of patterns start to trigger with only one head fake and ossicle no head fakes at all. If it were to confirm a breakout here soon without any pull backs then the measured move target should have it heading to a 2x or so somewhere around 1.12-1.20. I plan on accumulating a little here just in case. If we are fortunate enough to see a pull back before the official breakout I plan on accumulating more then as well because at that point the gain will be more than a 2x once it occurs. *not financial advice* Always a chance that it gets rejected and dips below the head of the pattern too thus nullifying it…but that Din of thing hasn’t really happened since the sideways market so it. Is quite a low probability.
COINBASE:FETUSD
by DrDovetail
2
Coinbase Gearing Up for its next MoveHi guys! This is an Update on recent Technical developments found for Coinbase (COIN). I've successfully identified the Inverse Head & Shoulders Pattern. Check out that idea down below. We have completed the Return Rally back to test Support on the Neckline. Now ive been assessing if there are signs that we continue the Inverse Head and Shoulders with our final explosive breakout move. This analysis is done on the 1 day timeframe. As you can see we have tested and CONFIRMED Support on the Neckline. After doing so we have inched higher. Notice now, we are ABOVE the 21 EMA. With the last 3 days of candles, forming LOWER WICKS off the 21 EMA. This is a great sign of SUPPORT. We must continue to stay ABOVE the 21 EMA. Being Above the 21 EMA on any timeframe indicates that we will most likely have an UPTREND in price. Notice also the Orange Rectangle. This highlights a consolidation zone. This shows to me that we are building up momentum for our final rally of the Inverse Head & Shoulders Pattern. A confirmation ABOVE the Upper Border of Rectangle, will indicate Rally may be starting. To keep us on our toes, just remember that if price action goes BELOW the Lower Border of the Rectangle, we risk testing the Neckline again. Which is always a possibility . As long as we maintain the Neckline as Support, we good. Watch VOLUME -> We need it to start picking up for indication of the major move. This move will essentially lead to trend reversal for COIN, confirming the bottom. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on COIN in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NASDAQ:COINLong
by SafofAllTrades
6
TSLA: It Has Just Reached a Major Turning Point (D and W charts)TSLA shares are down today, showing a bearish reaction right after closing their gap at $242.08, which is acting as a resistance level, as expected. The medium-term trend is up, as TSLA is recording higher highs/lows since bottoming out on October 31 at $194. In addition, it recently triggered an Inverse Head and Shoulders chart pattern after breaking through the $226 area, the neckline of this pattern, which is another bullish reversal chart structure. An IH&S pattern is nothing more or less than a bearish pivot point followed by a bullish pivot point (a lower H/L followed by a higher H/L). Now, if TSLA really corrects, it could look for its next support levels, such as the $226 mentioned above, which is close to the 21 ema on the daily chart and close to a previous gap as well ($225.40). Despite today's bearish reaction, this top signal has not yet been technically triggered. Could TSLA reverse and thwart this bullish sentiment? Yes, but it would need to trigger a clear bearish reversal structure (there isn't one so far) or lose the $206 again, because that key point was a previous bottom, and TSLA would make a new lower low if it lost it. On the weekly chart, we see that TSLA is reacting around a clear support area (yellow line), but is still within a Descending Channel, as evidenced by the purple lines. Therefore, for the long term to resume its bullish sentiment, it must break out of this channel to the upside. In any case, despite the bearish reaction and a possible pullback, medium-term sentiment is bullish and, in theory, TSLA can still seek higher levels. We'll be monitoring its key points closely. I'll keep you updated on this, so remember to follow me for more analysis like this.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
18
SOL Nice Inverse H&S Setup. Get past 26. 36-50 is TargetNot financial advice. All charts are made on current market conditions Pretty simple here Get past 26.00 we could be aiming for mid 30's and as high as 50.00 for completion of inverse head and shoulders which was a 91% head to neckline. Trading ideas moving forward Either entry now(It's up to you) Or option #2 Wait til we get past 26.00 and hold that as support with mid 30's and 50.00 as targets. Always Practice Patience #PIK Patience Is Key #TLAW Think Like A Whale
COINBASE:SOLUSDLong
by ThinkLikeaWhaleTLAW
4
Solana nearing the precipice of a breakout?We can see that solusd’s price action is now retesting the top trendline of this purple symmetrical triangle it has been in since around august of 2023. Obviously it only matters once we break above this trendline and flip that trendline to solidified support. Until that time one must remain levelheaded and not chase any breakout that is unconfirmed. If it were to trigger a breakout sometime within the next few days the target would be around $50 or slightly higher. The top trendline of this triangle also qualifies as an inverse head and shoulders neckline. We can also see that the measured move target for the breakout from the descending tan channel is above this neckline which increases the probability we will trigger the breakout of the purple triangle on the way up to hit the measured move target of the tan descending channel breakout. *not financial advice*
COINBASE:SOLUSD
by DrDovetail
Dxy Dropped. VIX Dropped. You Know What That Means?Traders, SPY has bounced exactly as the charts had shown us it would do. I will briefly discuss what we can expect now in the weeks ahead as we continue our move towards the target of our blowoff top. We will also look at a few of my short plays. I will discuss what I was thinking in entering and what I expect now. I was stopped out of the NVDA play and will update my spreadsheet soon! BTC and SOL shorts are still on and SOL is well into profit. Stewdamus
INDEX:BTCUSDLong
by stewdamus
3
TRX MANA XRP If I'm Right XRP and MANA getting ready to crushNot financial advice. All charts are made on current market conditions. This is a correlation chart and shows how TRX has already performed the inverse head and shoulders move and has risen 23.25%... Pay attention to the moves on XRP and MANA... It's Moving in exact same manner and once the neckline is broken big gains await us. Always find your first movers and pay attention to how they move then find corresponding charts for repeat moves. Both MANA and TRX need to break the necklines as noted but once they do we are A Ok. Always practice patience #PIK Patience is Key #TLAW Think Like A Whale
Long
by ThinkLikeaWhaleTLAW
1
$Mana : Advanced Analysis of Potential Trend Reversal! "Unlocking Cryptocurrency Insights:" In the realm of sophisticated technical analysis, Mana, a cryptocurrency of interest, is currently in the throes of a breakout from a meticulously observed weekly triangle pattern. This pattern signifies a pivotal juncture in price dynamics. Moreover, the formation of an Inverse Head and Shoulders pattern, consisting of left, head, and right shoulders, is now on the radar. This pattern is renowned for its potential as a market reversal indicator. However, the fulcrum of the analysis pivots upon the forthcoming Bitcoin halving event, a seminal occurrence in the cryptocurrency domain that profoundly influences market sentiment and trajectory. s3.tradingview.com s3.tradingview.com BINANCE:MANAUSDT
Long
by UnknownUnicorn3237473
2
Link breaking up from bullflag & inv H&SNot even factoring in the much larger monthly pattern link is breaking up from here and only focusing on the inv h&s and bullflag. Will be interesting to see how price action plays off these measured move lines on the way to their targets. While it seems like we have definitely triggered the breakup from the bullflag I don’t think it has officially broken upward from the inv h&s neckline just yet, but likely will soon. *not financial advice*
COINBASE:LINKUSD
by DrDovetail