New to trading and still learning to properly chart, but spotted this inverted cup & handle that looks like it may play out soon for COMP. Thinking of shorting the break down at $146, then measured move down to $110-120. Am I think about this correctly? Thanks. :)
Long upon the break of the neckline at 8.86 wit initial stop below today's candle low @ 8.65. It may break up and retrace to retest neckline again within a week, if that happens, it's normal as long as it does not break more than a few ticks below the neckline. Looking for H&S Target @ 9.80 (protect with trailing stops on the way up though). Disclaimer: This is...
Next week may also be bearish, but I see a strong move regaining the losses of the last 2 weeks coming soon.
Yo traders, We saw a drop in gold yesterday. Gold presently forming a inverted cup and handle. The setup is still not complete. Looking for clear breakout before taking my position. Please like share and comment for any feedback Thanks Madtradex
You're looking at Bitcoin's price chart upside down. It looks BEARISH AF...from day one. That's one helluva downtrend. Gonna hit zero at some point. But wait, it's an INVERTED chart. If Bitcoin has been in a bear market during it's entire existence with no end in sight, what do you think that means for the normal chart? Think about it. Take all the time you...
Not liking this chart at all.. I thought I saw a rising wedge on the correctly orientated chart, I flipped it and I see this as confirmation of lower prices to come.. We are grinding up in a rising wedge with lowering volume which has me concerned. Still NET Long however. Not selling and will only buy more if we do come to lower prices.. Does this coincide with...
After the inverted Head & Shoulders pattern has been completed, I am expecting a pullback into the neckline which is also a daily flipzone. Remember that no trade is guaranteed no matter how good the setup look, therefore you should always have good risk management. Once we reach the buy zone i will be looking for any bullish candlestick patterns.
Hello all of you guys, Here again the same idea based on TIP (The Inverse Parabol) axes and symmetries analyisis... Hope you enjoy it! ;-) Thank you for leaving the comments and a "like" just in case you like it, of course! ;-) L&GL Regards to all! previous idea:
MARICO has made Inverted head and shoulder chart pattern. Can take a long swing trade targeting the previous swing high if there is breakout of 322 level. Entry above 322 Target 350 SL 308 ( 1:2 RR)
Inverted H&S spotted 1hr Pattern target would be 9200 - 9400 Breakdown around 8500
EMAs doing their job clearely! redesigning the inverted symetrical-cut parabolic shape Love, Good Luck and Happy Halving!
inverted parabol patt...again...let's see if finally it works or not... hehehe Thank you! hope you enjoy guys! Love & Good Luck!
Let me know what position you would take in the comments and why
Inverted hammer on top. Also usd is getting stronger even after bad data. From bottom to top it's in a correction form it is compulsory for eurusd to break it downside to complete the pattern. it can make new lows. Hit like for support and follow for many more upcoming accurate pips.
Analysis on BTCUSD with the pattern Inverted Dead Cat Bounce, that happens after a Dead Cat Bounce. Price rises more than 15% in one day after a downtrend, showing a 4 weeks possible scenario. At the end of this period, there would have some opportunities to buy again. Sell on the 1-2 day of the event. A White Spinning Top candle pattern appeared at the start of...
Here we can expect a long position from market within 2 - 3 Days.