Invertedheadandshoulders
USD Inverted Head and ShouldersUSD has been climbing like crazy so it's hard to believe that it's got a lot higher to go but I'm pretty sure it does.
Some T/A that supports this thesis is the inverted head and shoulders pattern on this 6 month chart which gives a short term target in a range that extends all the way to $110.
ADVANC | Wave Projection | Possible trend reversal Inverted H&SPrice action and chart pattern trading setup
> Elliott Wave Projection - possible end of correction ABC
> Upcoming trend reversal pattern - inverted head & shoulders
> Entry @ Neck line breakout
> 1st Target TP1 - SMA200 and TP2 - previous Wave (B) position
> Stoploss @ head position
> RRR: 2:1
> Indicator: MACD bullish divergence
Always trade with affordable risk and respect your stoploss
Inverted H&S PatternThis is an inverted Head and Shoulders pattern
Left Shoulder
Head
Right Shoulder
Demonstrative piece
AAPL: Pay attention to these KEY POINTS!Hello traders and investors! Let’s see how AAPL is doing today!
First, in the 1h chart, we are clearly bullish, as AAPL is doing higher highs/lows and it is above the 21 ema (which is pointing up). As long as it stays above the 21 ema, it won’t reverse, but if it does, the gap at $ 132 area might get filled.
The main challenge for AAPL seems to be the red line at $ 137, as this is a key resistance that worked a few times before, and it is trying to work again. By doing a breakout, preferably closing above this line, AAPL could trigger the next bullish movement to fill the previous gap at $ 142.
Maybe this could be an Inverted Head and Shoulders chart pattern as well. Either way, the key point is the same: $ 137.
The main problem with AAPL is that the trend is still bearish in the daily chart. We are doing lower highs/lows and we are below the 21 ema. The short-term momentum is bullish, but the mid-term isn’t.
In this case, we must pay extra attention to the 21 ema. If AAPL does any top sign around it, it might frustrate the bullish sentiment in the 1h chart.
Moments like this are complex and difficult, as charts don’t speak the same language, but soon AAPL will become easy to read again. I’ll keep you guys updated on this, so remember to follow me to keep in touch with my daily insights!
Current state of the market and Mina reportMina chart is forming a descending triangle (bearish pattern), nonetheless don´t means that the price is going down. On the contrary can easly break up. Even more RSI is making lower highs and higher highs while price is making the same lows (bullish divergence), meaning we are getting momentum. We also can argue that this chart is forming a inverted Head & Shoulders pattern (Bullsih pattern) espeacially in the shorter time frame (12h) wich gives us confluence.
We are seeing exhaustin signs of the bears in all markets. I belive we can see a relief rally to the target (marked in the chart) especially because BTC.D is facing a big resistance. Meaning 1)all alts and bitcoin have more fall ahead (alts disbelieve more than bitcoin) or 2)Alts will go up more and in a fastest way than bitcoin. In my personal opinion given the market conditions I think the second one is wich will play out in the near future. So i can start watching some alts to swing trade and day trade being Mina is one of them.
Long Scenario 1W SightNow Bitcoin showing to us it is now on falling wedge pattern in 1 week time frame, nine red candle have been past and today bitcoin breakout the supply zone $30600, if Bitcoin succes to breakout the falling wedge pattern and hit the supply zone at $45500 then my prediction it will retest again to level $36000 and then it will make the new inverted Head and Shoulder, so the price maybe going to $60000 or it will make the new ATH
#DYOR
Celsius (CELH) ain't Red Bull but...it's BULLish!Celsius (CELH) ain't Red Bull but...it's BULLish!
Patten Identified
Inverted Head & Shoulders on the daily timeframe
The daily chart displays the following information-
-9 MA is above 21 and the 50 MA!
-Price is above the 200 MA
-Increasing momentum and volume
*This is not financial advice
Drink your water,
MrALtrades00
OR | Wave Analysis Mapping- Channel Breakout - Pullback TradePrice action and chart pattern trading
> Elliottwave downtrend channel confirmed breakout crossover SMA200 heaven/hell line - RSI TFD already overbought - Pullback trade for medium-term is recommended
> Target @ volume profile POC 1.618 extension zone and 2.618 zone for 2nd target
> Stoploss @ Wave 5 zone Inverted Head or right Shoulders
> RRR: 2:1 downside less than 10%
Always trade with affordable risk and respect your stoploss
Wirex (WXT) is in uptrendHello Friends,
Currently, most of the cryptocurrencies are in a downtrend but WXT is in uptrend. It also looks like Wirex is forming an inverse head and shoulder pattern. We can get some decent profit if WXT continuous uptrend. Don't forget to manage your risk as the crypto market is highly volatile in nature.
Wirex (WXT) is a unique multi-blockchain cryptocurrency that powers the X-tras rewards program. Wirex customers can earn up to 4% back in WXT every time they use their Wirex cards in-store or online, or up to 12% annually on the balance of their WXT accounts with the Savings Bonus feature.
Do share your opinion in the comment section.