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Inverse Head and Shoulders

$BOX seems to be recovering from its pullback?Notes: * Steady up trend * Great earnings track record * Forming a cup and handle like pattern on the monthly time frame for the past ~4years * Held up relatively really well while the tech sector was being destroyed * Currently bouncing off its 200 day line and now its 50 day line * Also forming an inverse H&S pattern and broke out of it * Bouncing off its 50 day line with higher than average volume and printed a pocket pivot * Historical resistance comes in around $29.79 Technicals: Sector: Technology - Software - Infrastructure Relative Strength vs. Sector: 1.74 Relative Strength vs. SP500: 1.72 U/D Ratio: 1.0 Base Depth: 45.87% Distance from breakout buy point: -17.22% Volume 3.69% above its 15 day avg. Trade Idea: * You can enter now as the price just bounced off of its 50 day line with higher than average volume and also printed a pocket pivot. * If you're looking for a better entry you can look for one around the $26.59 area * This stock usually has local tops when the price closes around 15.27% above its 50 EMA * Consider selling into strength if the price closes 15.07% to 15.47% (or higher) above its 50 EMA * The last closing price is 2.86% away from its 50 EMA
NYSE:BOXLong
by HaseebKhan_90
STPTBTC - 20 000% opportunity! + Huge Base / Head and shoulders!- We have a massive base on the weekly timeframe / inverse head and shoulders! - If you love bases as much as I do, then this is definitely your opportunity for great gains! - Volume looks solid, no bearish pressure and we have a massive volume spike, which is always good to see. - The price is currently above the POC level, so we can expect a pump any time soon. - You can buy a breakout above the base for a safe trade with confirmation. - Look at my ideas about another interesting altcoins in the related section down below ↓ - For more ideas please hit "Like" & "Follow"!
Long
by UnknownUnicorn2537518
5
Long $FTT. Simple Risk/Reward Play. [#TheCryptocracy]FTT will definitely outperform BTC in the short term, and I think it will breakout against USD as well. I am using this as an opportunity to get some ez btc & usd via leveraged longs, and have set a tight stop below diagonal support. Looks prime to me overall, and it could be a potential bottom w/ a inverse head and shoulders, making this play a great entry for long term until proven otherwise. NOT FINANCIAL ADVICE. DYOR! GL :) #TheCryptocracy
FTX:FTTUSDLong
by dropaganda
ALTCOINS BULLISH RALLY AHEAD IF? Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this Total3 market cap update. Total3 generally indicates the market cap for all Altcoins excluding BTC and ETH. Now let's get to the chart. Total3 is forming an inverse head and shoulder pattern here where the breakout of the neckline is still pending. Once it breaks the neckline we will see a pretty good rally in Altcoins. I'm expecting a bullish rally in Alts in the month of July and August. All i"m waiting for is to break this neckline. Let's see how it goes. What do you think about this? Do you also think that we might see a good rally in Alts in the month of July and August? Share your views in the comment section. If you like this idea then do support it with like and follow. Thank You!
CRYPTOCAP:TOTAL3Long
by CoreCrypto1
Short Term Setup For NETFLIX – Inverted Head & ShouldersHi Traders, Looking at Netflix in the 1-hour time frame. I see an inverted head & shoulders setup. There is divergence on the MACD Histogram as well as the MA lines and currently, the price is making its way above the neck zone. We have some nice bullish volume to accompany this break and close above the neck zone. If we see a calm retrace down to the neck zone, I will consider taking a long position with my targets being previous structure that has not yet been tested. Have a good Trading Monday, The Vortex Trader
NASDAQ:NFLXLong
by TheVortexTrader
$AAPL Apple Inc Stock is giving MEGA Bullish Patterns$AAPL Apple Inc. is showing multiple bullish indicating reversal patterns. Lots going on in this chart lets review: 1. I'm spotting a FALLING WEDGE (marked in white). This could drop lower and tap the bottom trendline on the wedge for a third time before reversing, however, it held the $135.50 support Friday indicating a higher probability for upside. The first target/resistance level on the falling wedge is marked in white horizontal line. 2. Diamond bottom pattern is forming. Any sideways movement will only mark the probability of this pattern higher for a breakout. 3. Inverse Head & Shoulder. IF THE FALLING WEDGE reaches the first target and rejects, that will form another neckline to a inverse head and shoulder and the rejection could form the right shoulder. So far there is a more slanted inverse h&S that has currently formed on the chart, in addition, the selling volume is highest on the left shoulder indicating a textbook inverse H&S. The RED bar marked near the top of the high is a GAP. I'm adding APPLE to the top of my watch list for Tuesday morning and I will be observing these patterns closely for breakouts. Apple has taken a big hit as all of the tech sector has in the stock market. As far as fundamentals, no brainer that Apple is a leader in TECH.
NASDAQ:AAPLLong
by ChaldeaCode
BTC Month chart from july 2022/april 2024 Theory. If BTC do an Inverse H&S, would play out as going towards $60k end of year 2022, retracing to $30k between the coming months of 2023, consolidating and uprising towards $60k again breaking up. end of target $98k. RSI, would rise like 2018 meaning we had reach $60k or close to it. then consolidating to areas of not oversold but lower. similar as 2018. gaining momentum as we try breaking ATH. for setting a nice 92/96 RSI new ATH BTC-Bitcoin Halving is set for 2024 april 2 or sooner. by that time we should be ready for the bull market, real price discovery might happen 2024. Reason. we had force selling from miners. china ban./ then having leverage force selling. $$$ on sidelines waiting to play this monthly pattern. not looking at daily or weekly. Moving Average would act as support for a while during $35k weekly chart. if IH&S plays out. Final target $130k? then Correction A.K.A Bear market? RSI lines are for MONTH. ignore Weekly
BITSTAMP:BTCUSDLong
by Dcnanox
4
TNX-The chart you should be following very, very closely!!!I posted about TNX at the end of March and warned that we were in unchartered territory. At that time, TNX had bullishly crossed the monthly cloud which was something it had not done during my lifetime nor probably most traders lifetimes. We are just about to quarter's end (June 30th) and you can see a clear breakout on an Inverse H&S is occurring. I see nothing but tailwinds for this chart within the next 2 weeks so I don't see how we don't close the quarter above 3.056. The measured move implies a target on TNX of 5.502 with the ability to "wick" above to 6%. Debt is becoming more & more expensive by the quarter and it's all happening very, very quickly. In addition, have a look at the quarterly charts of Wheat, Rice, Soy, Corn & Oil...all of them look to be either breaking out on the quarter or they are just bullish AF. Inflation, as it relates to what is most essential in life, has not peaked...
TVC:TNXLong
by Vixtine
7
RATCH| Elliott Wave Projection | Inverted H&S Reversal Pattern Price action and chart pattern trading setup > Elliott Wave projection - downtrend final correction position with an expanding diagonal pattern. > Inverted head & shoulders reversal pattern in TFD with bullish engulfing candlestick > Indicator: RSI strong bullish signal cross above MA and MACD golden cross signal line > Entry @ Neckline breakout > Stoploss @ right shoulder position > Target @ previous wave 4 and 2 > RRR: 2:1 with -5% downside risk
SET:RATCHLong
by dukeposh
Inverse Head and Shoulders Pattern in Swerve (SWRV) Hello Traders, As you can see in Daily time frame, Swerve ( OKEX:SWRVUSDT ) is forming inverse head & shoulders pattern. If this pattern plays out then we can expect around 300% profit, because it is good to exit near $1 as it is psychologically important price. Remember this is a higher time frame trade and SWRV may take weeks for breakout, be patient. Also don't forget to manage your risk, if overall market turns bearish we has to book loss. Leave your opinion in comment section. Follow us for related analysis.
SLong
by Naveevo
Quickpost: Comparing Inverse head & shoulders on TRXBTC & ETHBCPretty simple idea. TRXBTC on the left is in a developing inverse head and shoulders and price action recently tested the 200 week as support and is now primed to begin to move to target. My trade is going to be on TRXUSD. The chart has the key details and it is pretty simple and fundamental. My main thing still is leaving my damn trades alone enough. I have entered a small position on TRXUSD but once I see it get above its current resistance I will begin adding to it pretty aggressively in the early stages of the move. Once we get above that resistance I will have a 23 risk reward ratio and I will be putting on some margin.
Long
by This_Guhy
1