Let me start by saying this: I do not believe we have reached the bottom. We recently crossed Fib level 23.6. Yes, prices are going up a bit from the low of $46 (currently $51); however, this is to be expected. There will be another drop. I am predicting price will go as low as $42.97. That will complete the inverse Head and Shoulders. From there, bullish price...
In my September 8 - 2017 post I said, that the correction in wave (B) from 6.9633 was coming to an end. The actual low for the (B) has proved to be at 6.4355 on that exact day. The rally that has followed has been both strong and impulsive. We still need a break above 6.5566 to confirm that the low has been seen, but it should just be a matter of time before a...
On a 15, and 5-minute scale we see an inverse head and shoulders which is a reversal pattern We buy the on breaking the swing high (neckline - blue line) We set a stop loss on the latest swing low ( estimate - the lowest point swing on breakout - red line) We can also see a kumo-twist happening with a blue cloud on ichimoku
waiting for pullback to buy. buy on the right shoulder in Inverted head and shoulders pattern will be a good strategy to buy.
Projection going up to US$ 4,9k soon. BITFINEX:BTCUSD
In this trade target at least the neckline
Ethereum formed inverse head and shoulder on 1 hour time frame, and corelating it with my elliot wave , its about to bust out
looking for a break above the 5.7x area low volatility and positive volume pressure
Gold 0.06% been trending upwards nicely in a channel, off an inverted H&S bottom and break of the downward channel, pushing through some key levels. Lots of data tomorrow too in EU and US. Could push this around and give us continuation or a breakdown. The channel is clear and some other decent levels to watch for opportunities, keep an open mind on direction...
CLF had huge volume movement yesterday with the price breaking out to almost $8. Previous resistance is now acting as support.
Short setup on this pattern
I'm a bit skeptical of this bottoming so fast after a loss of a major trendline, but its possible. I'm not touching it, but for all you speculators... good luck :)
Classic Inverse H&S break for CADJPY. Monetary Divergence in play with BOC turning hawkish and BOJ standing pat as extremely dovish. Price action suggest a staggering 1300pip upside of this pair. Long : 88.6 SL : 87.3 TP 1 : 93.2 ( 38.2% expansion ) TP 2 : Open
After complete Butterfly. Now price crawling to the top again and potentially making right shoulder. i look for Head and Shoulders pattern to entry sell for this pair.
Hello Traders. While conducting my end of week Cross Currency Analysis, I came across another Inverse H & S pattern on the CAD JPY Weekly chart. If this one breaks to the upside (Neckline at 89.00), a measured move would take us up to approximately 103.00. This chart doesn't have an unfilled Weekly Gap until 96.18 - 700 pips away from 89.00. While I'm waiting...
LTCUSD cup and handle - inverse head and shoulder
Prior to the 4th of July holiday, I published a trade idea from this weekly chart - (See chart inset for notes) and inadvertently published it under EURJPY. I didn't change my Tradingview chart to NZDJPY and it happened to be on EURJPY. I then managed to write like the idea was for EURJPY, even though all of the prices were for NZDJPY...needless to say I ended...