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Invertedheadandshoulders

AAPL: Near a decisive point! Will it reverse the trend?Hello traders and investors! Let’s talk about AAPL today! First, in the 1h chart, AAPL triggered a Double Bottom chart pattern, just above the support at the black line ($119.79 area). The peak between the valleys of the pattern is the red line around $ 121, which is the exact same point where AAPL found support today. This is not by chance, as it is according to the famous Principle of Polarity , which we talk about a lot here in our studies. But if AAPL loses the red line, then the black line is the next target again. If AAPL starts a reversal at this point, it’ll be a great sign, not only because we have a clear support level in the 1h chart, but because the daily chart looks good as well: The thing is, AAPL recently hit a support level around the $ 120, and it is trying to recover. The main challenge is the 21 ema , which is pointing down, reinforcing the idea of a bear trend. But we have something that could work as an Inverted Head and Shoulders chart pattern, as evidenced by the greenish area. Of course, AAPL didn’t trigger this pattern, and it is too soon to say it will, but if we see any good bullish pattern this week, surely the odds of this scenario would increase. This could be a nice reversal point for AAPL, but we must wait for more confirmation . Meanwhile, remember to follow me to keep in touch with our daily studies and updates, and if you liked this idea, r emember to support it with your like! Thank you very much!
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
Descending Triangle for BTC?!?!Since my previous chart on Bitcoin linked to this chart, we've seen BTC break-down from an Ascending Triangle after multiple fake-outs to the upside breaking the horizontal resistance; the green upward sloping support has been lost for the being, but is the recent price action merely another fake-out, but to the downside instead? Well, only time will tell, as for now, I can notice a Descending Triangle forming, and on the RSI there is a similar pattern. On the KST there has been a bearish cross where I've placed the red downward sloping finger. It's possible this pattern plays out as a Bull Flag as well. There's merit for an Inverted H&S pattern, the blue head icon would represent the head of the pattern, and the right shoulder would be the Descending Triangle pattern, but it would obviously have to play out bullishly to the upside as a bull flag for the inverted H&S to occur.
COINBASE:BTCUSD
by ScotianBot
SNDL: Heading to the $ 3.96? Maybe, with 1 condition...Hello traders and investors! Again, SNDL hit the target we mentioned in our last study. Let’s see how it’ll behave now. First, SNDL did a false breakout from the $ 1.64, and it hit our target on the same day of our last analysis, at the $ 1.47, which was a nice target to aim for, for several reasons. The link to my last public analysis is below, as usual. Then, SNDL bounced back up to the $ 1.64 again, and it dropped. This reinforces the idea that the $ 1.64 is the most important point to keep in mind . And it is not by chance that it is the strongest resistance, and you’ll understand why when we analyze the daily chart. But for now, keep in mind that SNDL is doing lower highs/lows, a trait of a short-term bear trend, and it seems it is heading to the $ 1.25. The earnings report did bring some volatility, but nothing as most people expected. Usually, new traders believe that the price will crash when the earnings are supposed to be bad. These people simply don't know how to apply game theory in their strategy. Now, to the daily chart: The $ 1.64 is the strongest resistance because it worked as a previous top in the past, and above it, there are no other meaningful resistance levels until the $ 3.96. This is why the $ 1.64 has such an important psychological meaning for SNDL. In addition, the $ 1.64 now is a neckline, of a possible Inverted Head & Shoulders chart pattern (green area). This reinforces the idea that if SNDL defeats the $ 1.64, we’ll see it at $ 3.96, as this is the technical target for the IH&S. The only thing we need to watch right now is if we’ll see any good candlestick/chart pattern around the $ 1.25 in the 1h chart, as this could trigger a reversal in the daily chart. Every week I do one public analysis on SNDL, and if you want to keep in touch with my insights, remember to follow me ! And if this idea helped you, please, support it! Thank you very much!
NASDAQ:SNDL
by Nathan_The_Finance_Hydra
19
$SEEL PT 90 and higherSeelos Therapeutics, Inc., a clinical-stage biopharmaceutical company, focuses on developing and commercializing of novel technologies and therapeutics for the treatment of central nervous system, respiratory, and other disorders. The company's lead programs are SLS-002, an intranasal racemic ketamine for the treatment of acute suicidal ideation and behavior in patients with major depressive disorder and post-traumatic stress disorder; SLS-005, a protein stabilizer for the treatment of Sanfilippo syndrome; and SLS-006, a partial dopamine agonist for the treatment of patients with Parkinson's disease (PD). Its preclinical programs include SLS-007, an anti-alpha-synuclein peptidic inhibitor to treat patients with PD; SLS-008, an orally available antagonist for chemoattractant receptor-homologous molecule for the treatment of chronic inflammation in asthma and pediatric orphan indications; SLS-004 for the treatment of PD; SLS-010, an oral histamine H3A receptor antagonist for narcolepsy and related disorders; and SLS-012, an injectable therapy for post-operative pain management. Seelos Therapeutics, Inc. was founded in 2016 and is headquartered in New York, New York.
SLong
by BADQOMOCAWGOWLD
$NEO/USDT 4h (Binance Futures) Inverted Head & Shoulders retestNeo seems to be preparing for next bullish move, after a clear retest of the iHnS neckline! Also, we can see that 100EMA is supporting it so even more reason to enter a swing trade now. Current Price= 39.780 Buy Entry= 39.752 - 39.152 Take Profit= 48.981 | 64.997 | 99.482 Stop Loss= 34.689 Risk/Reward= 1:2 | 1:5.36 | 1:12.6 Expected Profit= +48.30% | +129.50% | +304.32% Possible Loss= -24.14% Fib. Retracement= 0.786 | 1.272 | 2 Margin Leverage= 2x Estimated Gain-time= 1 month
Long
by TradingOn
EURNZD on an inverted H&S 🦐EURNZD after a long downtrend inside a descending channel created an inverted H&S pattern. The market is now testing the neckline over the resistance and the top trendline for a nice market confluence. According to Plancton's strategy, if the price will break above, 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
8
Medium term view of USDCAD to the upside Last weekend, I was projecting an upside move for USDCAD (linked below). If the bottom of the right shoulder was caught, then that trade is still valid for potentially 300 pips. Unfortunately I missed that entry. This weekend, I zoomed out and forcasting a larger move from the daily & monthly point of view. Although USDCAD is consolidating within a descending wedge, my idea assumes that it will break out of it. According to my analysis, I am expecting a breakout to complete the smaller inverted H&S pattern. And then a retest of the support level to create the right shoulder of the larger inverted H&S pattern. Thereafter, the sellers will tire out once again and then a strong push to the upside to complete the pattern(s) and retrace to the .382 fib. The idea has extra confluence as the structure is supported by a monthly bullish structure. As well as the strengthening USD, which will heavily influence this idea. But one more concern is that I am also expecting Oil to gain strength and if that happens, it could also impact the result of this idea. If this idea plays out, there will be multiple opportunities to profit off this move. The one I am currently looking for, is the upward move to complete the smaller right shoulder (linked below). Although it won't initially reach the target, it can still provide 200 pips. From here, there is the possibility to look for the downside move (but it is more risky as it may not happen and at this point and you will be trading against the trend). Thereafter I will look for a retest back to the support level that creates the larger right shoulder for the next big push up. This will be the more interesting move as it can provde from 380 pips to 650 pips. A quick reminder, only enter after confirmation that will allow you to break even if the trade goes against you. And price action is key and the most important thing to follow as things can change at any moment. Let me know your thoughts. Trade Safe! HEET ps. I generally post alot of updates as the idea/trade evolves. If you want to stay updated, please click the "Follow this idea" button.
Long
by AfterlifeTrading
4
Bitcoin ready to make harmonic pattern and inverted HnSYou see on the chart bitcoin fall in some periode of hour. I look on the chart there are two possibility chart pattern in bitcoin. The first one is bullish cypher harmonic pattern and the second is inverted head and shouder. We will wait together and see to the bottom of the price to make reversal. To find the reversal price I use support and resistant combine with internal retracement Fib (X-C : 0.618 and 0.786) and external Fib (B-C : 1.272 and 1.618) (mark with rectangle area). If you have any idea feel free to discuss together. Disclaimer on! do with your own risk
Long
by YogaID
2
CCL: Buy, sell, hold or wait? A Triple Time Frame Analysis.Hello traders and investors! For the first time, I’ll do a public analysis on CCL. This stock is starting to get very popular (the 8th most active stock in the US today), so, let’s talk about it, and do a complete Multi Time Frame Analysis (MTFA) by looking the hourly, daily and weekly charts, and in the end, we’ll see if CCL is a buy or not. First, in the 1h chart we have a breakout from the previous resistance level at $ 28.19 (green line), and the trend is still clearly bullish. At any moment CCL did lower lows, although it did a quick congestion last week, with no new highs. Maybe we had something like a Cup and Handle , and if that’s the case, more upside will come. But now, the 21 ema is pointing back up, and it is defeating the previous resistance. Now, let’s see the daily chart: The volume increased a lot during the last bullish leg, which is a true sign of buy force. We could see a pullback to the 21 ema or to the green line at $ 24.38 and this wouldn’t ruin the bull trend, and only then we could see an opportunity to buy. What’s more, CCL did an Inverted Head and Shoulders chart pattern, which is interesting to notice. Now, let’s see the weekly chart: The trend is very strong here, and the $ 25.01 could work as a support level in the weekly chart. If you are looking for swing or position trade, this is the point where you should buy. But now it feels like it is a little late to buy. For instance, I gave a call to the members of our community in my weekly newsletter a buy call when it did the “ Gift ” pattern seen in the chart. That was a good point to buy. Now it is going up almost 40% since then, so keep in mind that if you want to buy it, you may buy from those who want to book their profits and re-buy near a support level. Now it is not the time to buy, neither to short, but to manage positions, and if you are out, just wait for a better opportunity and never buy near top levels . So far, there is no sell signal in CCL, so if you are in, you may just hold it. If you liked this analysis, remember to follow me to keep in touch with my daily updates, and please, support this idea if it helped you! Be careful and take care.
NYSE:CCL
by Nathan_The_Finance_Hydra
6