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Invertedheadandshoulders

COMP Inverse H&S BreakoutCompound looks to be another alt that is experiencing a neckline breakout from an inverse head and shoulders pattern. It looks like a slight retracement is now occurring which has the potential to break down below the neckline still, however, assuming the trend continues, it has a bit of potential upward as indicated by the head to neckline length extended after the breakout (dashed blue line). There is a similar breakout occurring against COMPBTC, so it looks like there is some potential to outpace BTC over the next few days as well if the breakout continues. I suppose we shall see soon if the breakout becomes more definitive in the next day(s) or so.
COINBASE:COMPUSDLong
by crypto_trends
3
PDD: You should be aware of this chart pattern!Hello traders and investors! Let’s talk about PDD today! It is the first time I analyze this stock, and I hope my insights can be helpful. In this analysis, I'll present you two strategies to follow. First, in the 1h chart, we have a Descending Triangle chart pattern, and the trend is clearly bearish, as the 21 ema is pointing down, and the price can’t trade above it. This makes the situation more favorable to the bears, at least in the short-term , and as long as we don’t see a clear breakout upwards from this Triangle, the bear trend will persist. This Triangle is the best chance PDD has to reverse this bearish sentiment. Now, there’s two strategies we can use. First, if we see an upwards breakout, second, if we see a downwards breakout. Either way, this Triangle is the key, and the targets are better seen in the daily chart: If PDD breaks this Triangle downwards, then it’ll just seek the next support level, and the most meaningful support is the red line at $ 121.28. Then we’ll see how to proceed. Maybe PDD will lose this line, or it could do a nice candlestick pattern and trigger a possible Double Bottom pattern – we can’t know for now. On the other hand, if PDD does an upward breakout from the Triangle in the 1h chart, the next resistance is the target, which is at the green line ($ 152.06). This is also a pivot point , and the trigger of an Inverted H&S chart pattern , as evidenced by the green area. If triggered, this pattern will officially reverse the trend in the mid-term , and PDD would have a first target at $ 188 , and it could go even higher, above $ 200. Since PDD is dropping with low volume , this makes me wonder if this bearish movement will have the strength to persist. Either way, we must keep watching PDD closely, and if you liked this analysis, remember to follow me to keep updated with my daily studies, and please, support this idea with your like! Thank you very much!
NASDAQ:PDD
by Nathan_The_Finance_Hydra
5
TSM looking to complete Inverted Head and SholdersTSM Looks to be about to complete an Inverted Head and Shoulders pattern on the 4hr time frame. A break of the trend line and hold should be a good entry. A break of 123.50 would be the super safe entry. Neckline to head is roughly 13pts, so the expected move from the neck to completion should be the same which would put our High End Price Target at roughly 134(right near a resistance) with 126.50 being our intial price target. Currently a safe contract would be a June 18 2021 Call, strike dependent on your capital and risk tolerance.
NYSE:TSMLong
by S_dot_Trades
Bitcoin inverted head and shoulders patternBitcoin formed an inverted head and shoulders pattern on H4 view. Usually, it is considered as bullish in 50% of cases as patterns work better on daily view. My target is 74K, however we performed 6 months of bullmarket in a row, which never happened since 2012. 7 months never happened since 2011. We could also see a retracement this month but we have more liquidity with institutional investors and higher market capitalization with more billionaires in the game.
BITSTAMP:BTCUSDLong
by Nugacity_Fracedinous
Nifty Forms Inverted Head & Shoulders (Bullish Reversal)Nifty Forms Inverted Head and Shoulders and now we may be ready for a good 500 points move on Nifty as long as we hold 14800 The Neckline is at 14830 and we have clearly seen it to be Point of Control (as per Order Flow Analysis) Buying seems to be happening and now on Monday as long as we start positive and break 15000 levels, markets are ready for a good upmove of 500 points. Monday we have TCS results and it is expected to be good and we may see breakouts in IT stocks as we are at all time high for most of the stocks.
NSE:NIFTYLong
by sreeharshasp
RIDE Inverted H&S? - intraweekNOT FINANCIAL ADVICE - OWNER OF TOO MANY SHARES @ $12.72 PER SHARE Short-term target (next week or so) of low $13 range (based on horizontal support). Appears to be an Inverted-H&S but on such a low timeframe it's not very likely. Aside from amazing fundamentals and probably the best chance of any current EV startups to provide the answer to BOTH fleet service vehicles and private consumers alike, the upward channel provides some additional hope in terms of current technicals. (Head & Shoulders Pattern) thepatternsite.com
RLong
by rolledchange
$RMO PT 30 and higherRomeo Power, Inc., an energy storage technology company, designs and manufactures lithium-ion battery modules and packs for commercial electric vehicles in North America. The company operates through two segments, Romeo Power North America and Joint Venture Support. It also offers battery management systems; and design, research and development, and other engineering related services. Romeo Power, Inc. was founded in 2014 and is headquartered in Vernon, California.
RLong
by UnknownUnicorn19246015
GBPCAD on an inverse h&s? 🦐GBPCAD is creating an inverted h&s below a minor resistance zone, with the head on the 0.618 fib level and the shoulders on the 0.5. According to Plancton's strategy if the price will break above and the conditions will be satisfied we will set a nice long order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
22
SNDL: The most important Key Points we must keep in mind!Hello traders and investors! Let’s talk about SNDL again! Since our last study, it hit our target at $ 1.25 and it lost this price level, which now seems to be working as a resistance. If you missed our last analysis, the link to it is below this post. Ok, SNDL didn’t react around the $ 1.25, and it retested it as a resistance, following the Principle of Polarity , and we have lower highs/lows in the 1h chart. What’s more, it seems we have a purple trendline guiding the past top levels, while the 21 ema works as a resistance zone as well. Probably the trendline and the 21 ema are the most important key points for both, short and mid-term. All of this is a clear statement that the trend is still bearish , and we have yet to see a clear reversal pattern. Now, let’s see the daily chart: The idea of an Inverted Head & Shoulders pattern still exists, but it gets weaker as the time passes and SNDL doesn’t trigger it. It did a Piercing Line pattern (as evidenced by the blue square), but if the price loses it’s low, then the $ 0.95 is the next target for it. We must see a good reversal pattern in the 1h chart before we see it reversing in the daily chart as well, but it seems SNDL is in a very delicate situation and whatever if it is bullish or bearish, we’ll have our answer very soon. Remember to follow me to keep in touch with my daily studies, and if this idea helped, please, support it with your like! Thank you very much!
NASDAQ:SNDL
by Nathan_The_Finance_Hydra
6