S&P500 Future OutlookIf this week closes above $4500 for the SP500 it would be a bullish engulfing week.
So far, for the past few weeks we've been going sideways between $4400 and $4550 on a weekly closing basis as the volume declines. The volume declining as the price consolidates indicates a bullish outlook. If the bulls maintain the price above $4450 it would put in a Higher Low from mid March which would indicate a continuation of the up trend since we placed a Higher High earlier.
In the short term, I'd like to see a retest of $4450 as that would serve as a confluence of support with the trend line extending from the late December 2020 lows. A bounce from $4450 would be extremely bullish as it would indicate that bulls are ready to move out of this range (between $4400 and $4550).
Needless to say, a further rally from here would work towards the Inverse Head & Shoulders that everyone's been talking about ;)
Inverse Head and Shoulders
#KSM Inverse HSH#Kusama ready to make another +100%
In daily timeframe we seen a massive Inverse Head and Shoulder
Wait for confirmation price to close above the neckline
Send it to $410
GLMR inverse H&S#GLMR/USDT
$GLMR broke out from neck line of inverse head and shoulders pattern.
🐮 price can increase as high as head to reach $5
Mindacorp on verge of breakoutMindacorp is trying to give a breakout from inverted head and shoulders pattern.
Good trade if closes above 210 today. Safe above 215.
NAS100Monthly has large wicks rejecting 14000 price area. 2 months back-to-back. Monthly Bullish Engulfing as well.
Weekly candle stick analysis could be a double bottom forming or a higher low. Due to Daily analysis expecting this to be a weekly higher low.
Daily has created an inverse head & shoulder pattern with bullish divergence.
If price rejects this zone and breaks structure for turnaround of buys. Expecting price to continue pattern to upside near 15600 long term.
#BTC More dip ? In 2H Timeframe, we seen a inverse head and shoulder.
If bulls can't reach above Head ($41,600) we might see another dump below the neckline
If 1H candle close below the neckline its time to short it until $38,000
Inverted Head and Shoulders at PCZ of Bullish SharkLike many other alt coins we have an IHNS at the PCZ of a Bullish Harmonic here if we could get some follow-through it could be great.
ADA Inverse Head and ShouldersAda potentially gearing up for a big move with this inverse head and shoulders set up. These aren't the strongest performing patterns, so be patient when trading. It is also hard to be bullish while ADA is under 1.00, but this could change everything if it plays out. The price target of this pattern is the 1.60 range, a 75% pump. We are also testing key levels of long term horizontal support, if these lines don't hold things could get ugly. Moving to the long term VPVR, the point of control is around 1.30, which could be a good range to take profits. Being below almost all of the volume from the past year is also alarming, another reason to be cautious here. The daily EMA ribbon also flipped bullish for the first time since September 2021, but is currently struggling to stay that way. All of this convergence is pointing to an explosive move soon, lets just hope its in our favor.
Bulkowski on Head and Shoulders Bottoms: thepatternsite.com
GBPCAD | New perspectiveDespite the obvious that we are in a long-term downtrend situation on this pair; the appearance of a structure that looks more like an inverse head and shoulder pattern on the 4H time frame is suggesting we are on a verge of a reversal as we anticipate a breakout/retest of structure to hop in a potential bullish momentum.
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Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
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Past performance is not necessarily indicative of future results.
XLM broke out falling wedge and can shape inverse H&S#XLM/USDT
$XLM broke out from falling wedge, and hold the support zone.
🐮 holding the support can increase price to $0.23 that is around neck line of inverted head and shoulders pattern.
break out from neck line will increase price to resistance zone around $0.27 and $0.32.
🐻 rejection from neck line will drop price to break down current support and reach support zone between $0.15 and $0.12, that will be a pullback to broken falling wedge.
GBPCAD - Rare W1 Setup With H4 ReversalW1 - bottom of the range
H4 - bullish convergence
H4 - inverse head and shoulders
Nasdaq AnalysisOn the Nasdaq chart, we can see a possible inverse head and shoulders forming on the daily timeframe to continue a bull run. Once price reaches the blue zone, look for bullish price action confluences.
The red line indicates the scenario if the inverse Head and shoulders fails
ADA 1D Bullish / inverse head and shouldersDid you notice the inverse head and shoulders?
How do you feel about it?
YFIIUSD: Inverted Head and Shoulders at the PCZ of a Bullish BatThere is an Inverted Head and Shoulders Pattern with Triple RSI Bullish Divergence at the PCZ of a Bullish Bat.
You likely don't want to see price trading below $1,480 and your first area for taking profit will probably be around $4,165
LINAUSD: Inverted Head and ShouldersLike many other alt coins Linear Token is printing a potential Right Shoulder to a Potential Inverted Head and Shoulders Pattern for us on the Daily and if it plays out the next major resistance will be very far out and should lead to some crazy Bullish action
DEGO inverted head and shoulders#DEGO/USDT
$DEGO pumped and now struggle to break out from descending resistance that is the same with resistance zone.
also price shaped an inverted head and shoulders pattern in daily time frame that its neck line is near to break.
🐮 break out the neck line of H&S can increase price to touch resistance zone between $6 and $7.
keep eye on it 👀
ENJ SCALP LONG SETUP!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this ENJ/USDT update. ENJ looks good here.
ENJ is breaking out from the inverse Head&shoulder pattern in 4hr time frame. Buy some now and add more at the retest.
Entry range:- $1.78-$1.81
Target1:- $1.86
Target2:- $1.94
Target3:- $2.06
Target4:- $2.14
SL:- $1.70
Lev:- 5x-10x
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Inverted Head and Shoulder on SLPSo long as this price action continues we should have every reason to see SLP spike back up in price significantly in the coming days.
GO inverted head and shoulder#GO/BTC
GO broke out from descending resistance (pink) and confirmed it as support. but to be more exact I drew another descending resistance (green) and I found an inverted head and shoulders pattern.
🐮 break out from neckline that is the green resistance will increase price to resistance zone between 145 and 170sats.
break down from current support will drop price to 20sats.
#BTC Inverse Head & Shoulder In daily timeframe we seen a breakout on HSH and retest on the way.
If bears escape here, we will se strong bulls taking control!
Send it to $60,000 🪃
UPLUPL made inverse head n shoulders pattern on daily charts with good volumes.
Could be bought with stoploss of 765 & target of 900.
$SPY Weekly Log chart H&S VS inverse H&SPretty clear H&S (larger scale) VS inverse H&S (smaller scale) forming on the $SPY weekly log chart... which one will win :D
APLLTDAPLLTD made a triangle pattern as well as inverse head n shoulder pattern & broke out of both patterns with more than average volumes.
Could be bought with mentioned stoploss & targets.
