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Invertedheadandshoulders

KISS STRAT Big Top Part 2Wow what a hammer candle... inconceivable! Saw one of these 24 Feb, same size... gonna get a pullback, but probably not the next day. Loading up on puts here real risky. Some peeps got killed today betting the big gap down would lead to more selling, as every past gap did. Different today. In early trade VIX was barely moved on the big gap; Institutions were not loading up on puts... that was the clue to not to short the gap. Algos programmed to buy 3500, likely a bottom for now. An orderly grind to an inverted right shoulder might last two weeks, or less. Then a multiday rally will ensue, trapping bulls who think the bear market is over... such a vicious game we play. We are near the end of Wyckoff distribution phase E, which will blend with accumulation Phase A, perhaps this began today. During accumulation, a lower low is possible. More to follow on Wyckoff accumulation, which can last a year. The bear market ain't over, but early signs of a turn begin to appear.
TVC:SPXLong
by DaddySawbucks
19
Does Pepsi Drinks Come With An Inverted Head & Shoulders?Does Pepsi Drinks Come With An Inverted Head & Shoulders? No of course not! However, the daily chart for the global soft drink has an inverted head and shoulders on the daily chart. PEP closed above the neckline of the pattern! Also, PEP has 4 touches at the daily trendline (immediately above the neckline). I set an alert on the neckline and at the daily t/l. Pepsi closed in a daily supply zone on 24 October 2022. Peace, Love & Abundance, MrALtrades00
NASDAQ:PEPLong
by MrALtrades00
EURCHF I SHORT until break of the resistance Welcome back! Let me know your thoughts in the comments! **EURCHF - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
10
AMD: Finally a Reversal Pattern?• AMD is trying to trigger an Inverted Head & Shoulder chart pattern in the 1h chart; • The pattern wasn’t triggered, so we have yet to see some confirmation of a reversal; • This is important because the main trend is still bearish, and if by any means the price action frustrates this IH&S the bearish momentum will prevail, probably all the way down to the next support at $59, as evidenced in the wekly chart below; • Since AMD lost the previous support at $72 (black line), the next technical stop is the $59, however, the recent price action might reverse the bearish sentiment and AMD could avoid this scenario; • In addition to the IH&S pattern in the 1h chart, if AMD wants to trigger a mid-term reversal it is important to break the $72 again, as this point is supposed to work as a resistance in the short-term; • Yes, AMD is trying to reverse, but we must see more confirmation signs before assuming we hit a bottom; • In addition, in our last study, I described what is necessary for AMD to trigger a sustainable mid-term reversal, and the link to my previous analysis is below this post. I’ll keep you guys updated on this. Remember to follow me for more analysis like this! Keep in touch.
NASDAQ:AMD
by Nathan_The_Finance_Hydra
2
ABNB: Inverse head and shoulders on close watchABNB What a beautiful and clean inverse head and shoulders on ABNB. Technically we just broke the neckline (dotted line), if we close above it today, the pattern will be confirmed with a target between $153 and $161. This one is a bit tricky though as there are some resistances ahead: -The horizontal resistance at 130 -The down trend line connecting all the previous highs since November. A positive note is that the stock has not followed the overall market the last few days. Could ABNB be benefiting from rent inflation? Possibly. I will long the stock above $130. First target will be $147. Keep it on your watch list. Trade safe.
NASDAQ:ABNB
by Elpidaldo
AAPL: Could it reverse the bear trend? Let's see.• AAPL is in a bear trend, but the $148 area is the first key support; • If AAPL reacts and breaks the $153, it’ll trigger an IH&S chart pattern, with a target at $158.72. Remember, if AAPL reacts, for now, there’s no evidence pointing to this direction. • In the daily chart, AAPL is stabilizing, and we see that the $148 area is visible in this time frame as well; • To me, the key point is the $148, and is AAPL loses this key point, it’ll seek the next support at $141.92; • It all depends on how it’ll react in the next couple of days, if it’ll trigger the IH&S chart pattern seen in the 1h chart or not. Remember to follow me for more analysis like this! Keep in touch.
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
2