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Invertedheadandshoulders

GBPUSD: Daily IHNS Forming on RS of Monthly IHNSSeveral weeks ago an Inverted Head and Shoulders was indentified on the Monthly Chart of GBPUSD, The Monthly Candle was forming a Potential Right Shoulder with Hidden Bullish Divergence and on the Daily we did get a decent move up; However, it's recently made a retrace back down on the Daily and may potentially be forming a smaller Daily IHNS almost Mirroring the Monthly Pattern which if plays out correctly will propel price towards the Monthly IHNS Validation Line up near $1.42.
Long
by RizeSenpai
2
Bitcoin Dominance may see massive recovery soonWe never quite made it to the 1.5x target from our double top back in Jan 2021. That's not to say it's still possible we see it and even reach the 2X target making new ATLs. However, I can see the possibility of a weaker low made near the top of the green support area, and that occurs and we turn back up from there, dominance may for a triple bottom (or an inverted head & shoulders). Should that occur, we will never see a new ATL and instead a very fast and hard recovery of Bitcoin's market dominance. This could mean two things: 1.) Bitcoin is about to destroy the altcoin market, and itself. 2.) Bitcoin is about to destroy the altcoin market and go on a tear. If we break below the green support, then expect the opposite to occur: 1.) Bitcoin may continue to correct upwards slowly, and altcoins may go on a tear 2.) Or, some of the most promising altcoins start to take away from bitcoin's dominance, and we end up with a new type of market. This particular idea is in support of the former, where bitcoin dominance goes up and fast, if dominance were actually a trade-able instrument, this would suggest "going long" after stopping somewhere near support (green box). Alternative idea linked under related ideas below, supporting either movement in either direction. Here's a zoomed out view of line chart, showing our Jan 2021 double-top, and our previous low (ATL), which is still lower than the 1.5X target for the double-top:
CRYPTOCAP:BTC.DLong
by dudebruhwhoa
2
This ETF will predict the 2022 recession.Looking at the graph, we can see a very high-quality inverted head and shoulders pattern, because the second top made a way higher top than the first top. To add to that, the volume is decreasing rapidly, meaning we are very near the next bottom. This would be definitive for the ETF, because if this ETF increases in price, than the house prices would drop. This would cause a chain reaction, leading to a recession. That is why, on my last study, I said that the 2022 recession is closer than we think it is. A crisis is imminent, so be ready. AMEX:DRV
AMEX:DRVLong
by lorinstocksinvesting
3
WHA | Wave Projection | Inverted H&S Bull DivergencePrice action and chart pattern trading setup: > Wave projection possible intermediate 4-wave rebound with inverted head & shoulders reversal pattern and MACD bullish divergence > Entry @ Neckline pullback > Target @ H&S Target or 0.386 retracement of previous 3-wave +6% upside > Stop @ right shoulder - 3% downside > RRR: 2:1 The downtrend target C-wave or final 5-wave estimated at 0.786 of the last B-wave Always trade with affordable risk and respect your stop
SET:WHALong
by dukeposh
MHRIL Looks good for positional trade.Aim for 5-8%. It can be easily achievable in 1-3 days. My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2. The reason for booking profit of only 5-8% is because the market direction is not sure at this point. So better to aim for 1:1 risk-reward and rotate your money in better opportunities. Take trade if all conditions meet at the end of the day 3:15-3:30 PM. If you have any questions or suggestions, please leave a comment below. I will personally reply to every single comment! If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
NSE:MHRILLong
by Chartmaniac
ZM: INVERSE HEAD AND SHOULDERS FORMINGZM (Zoom Video Comm) An inverse head and shoulders is the inverted version of the head and shoulders , except that it's a bottoming pattern used to predict reversal in downtrends. ZM is now trying to form its right shoulder. The pattern will be confirmed once we reach and break the neckline at about 124. So the best place to enter a long trade is to wait for a break out of the red line. But, since there is a support at 103 and that the market is green, I went long at 106 with a stop at 100. If the inverse h&s is confirmed the target will be around 193 with a few resistances on the way (blue lines). Let's see where the market is going. Trade safe!
NASDAQ:ZMLong
by Elpidaldo