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Invertedheadandshoulders

AMZN: What to do if a pullback occurs?Hello traders and investors! Let’s see how AMZN is doing today! The trend is clearly bullish , the 21 ema is going up, and it is above the yellow line, which was a previous resistance for the stock. Today is moving sideways, it seems a healthy time correction , letting the 21 ema to approach the price. It seems AMZN is resting a little before it fills the Breakaway Gap (Sep. 3). We may have a Pennant chart pattern ; an upwards breakout could lead AMZN to new highs. On the other hand, if we see a downwards breakout, we may see a pullback. The targets for a pullback can be seen better in the daily chart: Keep in mind that AMZN just triggered an Inverted H&S pattern , and the target for this pattern is the All Time High. But a pullback triggered by the Pennant in the hourly chart could lead AMZN to the 21 ema or to the 3,225 again, and the trend would still be bullish. When we talk about H&S patterns, studies reveal that pullbacks occur about 2/3 of the time after the pattern is triggered. It left a gap on Monday, which we still can’t be sure about what type gap is , so let’s keep this point in mind as well. Yesterday’s candlestick was very bullish, and the volume was pretty high. I wonder if this is an Exhaustion Bar after an Exhaustion Gap . Either way, pullbacks are acceptable and even desirable. If you liked this analysis, please, support it! And follow me to keep in touch with my studies and updates! Let’s watch AMZN closely from now on! My best regards.
NASDAQ:AMZN
by Nathan_The_Finance_Hydra
8
ZECBTC is creating an inverse head and shoulder 🦐ZECBTC is creating an inverse head and shoulder and the neckline is the weekly resistance. IF the price will break the weekly resistance with volume and flip the resistance as support According to Plancton's strategy, we can set a nice 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
3
Inverted Head and Shoulders on GBP/USD at the end of WeekAt the end of the trade week 10/4 We can see GBP/USD approaching and breaking above a key level of resistance with strong bullish sentiment. After a consolidation and breakout at a key level of weekly/daily support GBP/USD looks like a promising buy set up and and a textbook inverted head and shoulders. Note: We trade reactively to the market with actions driven by confluence of analysis, allowing ourselves to enter the market when the market makes an opportunity available for us. Tell me what you think GBP/USD Will do this week in the Comments! Happy Trading Week! -J
0
by JHair20
GJ Is In A Deciding Phase...GJ has been rallying major steam for the bulls. I predict movements upwards towards a strong Weekly Key Level after the breakout of the top boundary in the 4HR Channel. Every time a reversal has occurred, its been very easy to read in this channel. I drew 2 possible scenarios for GJs upcoming price movements. For scenario 1 I see price going for a retest of the 4HR Trend Resistance. I expect some type of pullback before the bigger moves to the upside. For scenario 2 I predict price to fail the 4HR Trend Resistance retest, then form a possible double top. If that occurs i predict price drop to 136.75 first, then a possible attempt towards the lower 4HR Trend boundary. I have nothing but patience for GJ, so we will see the outcome soon. Thanks For Reading! Comments Are Welcomed Likes Are Appreciated!
by lobfxempire
3
USDCAD POSSIBLE INVERTED H&S !Hello Dear Traders, here is the full UPDATED Analysis / Breakdown for USDCAD WILL YOU FOLLOW ME??? HIT THAT LIKE AND FOLLOW BUTTON! A like & a Follow or comment is a Free way to Show your support! Conditions - 1.Wait for confirmation(Wait For Price Action Confirmation / Market Environment Change ) 2 .Use Risk Management (Risk 1% of your capital) 3.Do your Own analysis! 4.Follow for more Analysis like this! Your Support is Appreciated! See You in the next Educational Video / Analysis #likeandfollow
Long
by Global_Fx
1
CADJPY long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
7
SPX: What if a pullback happens?Hello traders and investors! The SPX is going up today, and it is giving us some interesting signals! First, in the hourly chart, the idea of a H&S chart pattern was completely negated by this week’s movement. The pattern wasn’t triggered, but this reaction is an indicator that tells us that there are buyers in the area. Oh, and if you missed my last analysis, the link to it is below. Right now, it seems nothing will stop SPX to hit its resistance at 3,425 (blue line). The 21 ema is pointing up, and only if SPX loses it, along with the 3397, we’ll see some pullback in the short-term. Despite of today’s movement, we can’t discard the possibility of a pullback ahead, especially if SPX hits its resistance, and this is better seen from the daily chart: Yes, we have what seems to be an Inverted H&S , but we all agree that the volume is below the average for the past few days. This isn’t a good thing for the index, but the bullish reaction this week makes things more complex. Either way, we can expect some erratic movements as the elections are on the market’s radar, along with the political scenario (stimulus package). It seems the market doesn’t care about the Second Wave, and Trump’s health status was quickly priced. Let’s see if the resistance at 3,425 will hold the price. If that’s the case, probably SPX will do a pullback in the daily chart as well. Now, I’m skeptical about the 3,200 zone, but a pullback to the 3,323 is something reasonable to think , and a target to aim in the short-term. And if you liked this idea, please, support it! And follow me to keep in touch with my daily studies! I’m sure you’ll find something interesting around here. I wish you all the best of luck.
SP:SPX
by Nathan_The_Finance_Hydra
12
Nasdaq - cautiously optimistic (inv H&S)After the steep sell off in September, NQ is now forming a possible inverted Head & Shoulders. A break up of the neckline @ 11585 will confirm that the worst is over and NQ is likely to at least go back to the high of around 12500 (inverted H&S target). With RSI back >50, I am cautiously optimistic that another swing up is likely. Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
CME_MINI:NQ1!
by Juliac
$XJO Daily (Long & Short strategies)Which way will XJO go??? I feel many investors are on the edge of their seats, whether cash or holding, there's this underlying sense of unease as the markets could swing either way at any moment... So ask yourself, and answer in the comments below if you like: a) Will we continue to melt-up and diverge from the economy? b) Will markets crash back down and catch up with the economy? c) Will we track sideways, become comfortable not knowing which way its going to swing, then bamm? e) Are we just waiting for a catalyst, Say Trump catching C-19, or the elections...? Either way, I have charted a Long & a Short play each with their own patterns, confirmations, supports & resistance. I would very much like feedback & suggestions as i'm new to charting and keen to learn Cheers,
ASX:XJO
by Spade_of_Aces
12
Impressive reversal pattern on the daily with the dollar.Inverted H&S Break Even Failure Rate 11% Average Rise: 45% Throwback Rate 65% Percentage of Price meeting price target 71% Trend: Downward leading to pattern Price: Must have something to reverse, so if the decline leading to the pattern is small, expect a small rise. Volume: Highest on left shoulder or head “A short-term drop (0-3 months) leading to the pattern results in the best postbreakout performance. “ "A higher left shoulder valley when compared to the right shoulder valley results in worse post breakout performance." - so one could assume the inverse is true? a lower left would result in Better breakout performance?? Breaking right to R3, and not passing on first go is not unusual. With a potential bottoming pattern - right now I'd say the trend for the dollar is to hard to call frankly any trade on. I'm leaning bullish on the dollar, which sounds insane, and does not bode well for commodities - but this pattern on the daily is indicative of a reversal in the dollar. The dollar folks may be getting higher here despite "brrr". Keep in mind how poor the velocity of M2 supply is right now. And keep in mind the Fed giving guidance that rates will be low for years is hinged to their confidence that essentially inflation is really not coming, certainly not hyper inflation or anything high. Very interesting to see if the dollar has found a bottom here. Not advising any trade right now.
TVC:DXYEducation
by ZenMode
7
Ascending Triangle for OSTK?Since my previous post on OSTK linked to this chart we have seen some support on the KST & a bounce back into the descending channel. Where I had a question mark before on the KST is now another blue finger icon representing a micro bottom. The RSI has additionally bounced back into what was a descending triangle, it's possible we see this play out as a bullish flag or inverted H&S, I've placed a blue body to represent the head of the pattern, notice the right shoulder is squeezing into the end of the descending triangle.
OLong
by ScotianBot
NZDCHF long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
5
Bitcoin BTC Falling Wedge + Inverted Head & Shoulders (Bullish)1- Falling wedge ( Bullish pattern ). 2- Potential Inverted Head & Shoulders ( Bullish pattern ). IHS is valid after it forms a right shoulder and breaks the neckline After breakout stop-loss below Fibonacci retracement 0.236 level and TP's around 0.382, 0.5, and the Golden Pocket. Bitcoin Trading Club is created to share valuable trading ideas, charts and to support each other with our trades (Not Financial Advice).
BITMEX:BTCUSD.PLong
by BitcoinTradingClub
EURUSD Potential Short + LongLooking at the image, it can be found that EURUSD is at a tested level of resistance (Trendline) and Fibonacci level of 50%. A potential short play currently but to take note of a potential inverted Head & Shoulder potentially forming which indicates a bullish play. All this will be in reference with the US Basket chart whereby it is currently at a tested support level. If it breaks the support level, a long play will be ideal as this will cause the EURUSD to break the trendline.
by warrenwonder