aussie swiss, kangaroos will be eating emmentalinverted H&S spotted, it broke the neckline. i think that it will retest the neckline and the uptrend structure that at this point are very close. this level coincides with a 61% fib correction of the move too.
target is the projection of the "head", that coincides with the 161%fib extension.
i will place my order at 0.683, the sl right below the 38% fib retracement at 0.674, targeting 0.709, just bellow the 161% extention.
i guess that this is not financial advice bla bla bla, it's just what i'm gonna do.
trade safe and risk mannage like if your life depended on it.
Invertedheadandshoulders
SCGP | Inverted Head & Shoulders | Buy signal - TP 68.50 (+11%)Thailand SET | SCGP | Target Price 68.50 | Resistance 64.00 EMA50 POC VA | Stop Loss 59.00
> Inverted Head & Shoulders showing Buy Signal after recent Smart Money and Banker Chips strong signals
> Main Elliott Wave Position 4 with positive banker chip signal
i'm (as always) so stupidi have this shit circles(H&S) on my chart since a wile, yesterday i set a sell order at 5.55, and 10 min later i canceled it because of lack of confidence. i think ti will retrace to 5.46, but at this point it's just too risky entering, the perfect entry was yesterday.
will look for buy opportunities AFTER the bounce, could find floor at 4.80ish
EQUITIES NEAR MURREY MATH PIVOT: TRIPLE WITCHING FRIDAYPrice entering Buy Zone. Expect pivot within 3-5 trading days IMO. Falling Wedge formation, inverted H&S on Right Shoulder.
Friday will be daunting and may well mark the LOTM. September Triple Witch was ferocious, expect more same. Pivot likely Mon 18 Oct IMO.
This ain't investing advice, Do Due Diligence, GLTA!!
EURCAD LONG IDEAHey guys, this pair is currently trading on the daily support. There's a double bottom on the daily time frame. On H1, we see an inverted head and shoulder pattern which is a reversal pattern. I'm long on this pair. My bias will be invalidated incase that daily support zone is broken.
Happy trading
Don't be fooled, we won't see that big of a correction short trmToo many people see the cup and handle, if you're waiting to enter for a dip, I think you will be frontrun .
Don't try waiting to buy in the 5,400's too many people will open leveraged longs. Really? Do you think you're the only one with that idea? Everyone wants to long there for the f***cking mega-giga-pump cup and handle that is clear as day to all of these noob traders who have read one TA book in their life.
DONT GET FRONTRUN.
AAVEUSDT Inverted Head and Shoulders!/Trading StrategyBYBIT:AAVEUSDT
Notice in chart---Red: rise; Green: fall.
1H trend chart
-
Obvious Inverted head and shoulders is building
Once the neckline of this H and S is broken out, which is previous resistance zone, trading strategy as below.
-
Profit Targets:
a) 328~334.6----Fib(1.272~1.382)
b) 348.75-----Fib(1.618)
c) 371.65-----Fib(2)
-
Trading is a reflection of yourself, sometimes you need to take a step back to see more.
Learn more daily and Be ready for any opportunities daily.
Have a nice trading day guys!
AUDCHF🤑Head and shoulders 📉At this point, the price is finishing drawing the inverted head and shoulders pattern. It can be seen very well on the daily chart, it was expected that the price will reach the resistance level, but when the channel is broken through, the sellers pushed the price. So in connection with a false channel breakout, I expect a local fall right up to the center of the descending channel, but the general priority for now is to buy.
Have a nice trade!
GOLD - Smiley Face for Bulls ?Gold seems to form a "smiley face pattern" (inverted head & shoulders pattern) on the chart. This is a classic bullish reversal pattern.
Though sentiments do not support bullishness due to fundamental news but we think gold price is mostly priced in for any monetary changes ahead.
There are two levels of support that gold needs to hold: 1740-1760 and 1680-1700.
Daily candle might form an inside day pattern. RSI seems to break small downtrend.
It is good to long gold at 1st support level: 1740/1760 with tight stop-loss. We can targets 1820/1840 on the upside.
A futher target at 1920 only resistance at 1835 is taken out. Under 1675 then this assumption is invalid.
TULIP USD - Breakout of a symetrical triangle forming an IH&SAfter a retest we can expect a breakout to the top. This will cause a inverse head and shoulder pattern which could lead us to 30 - 32 Region in the comming days.
Entering 20.35 - 20.50
TP: 22.50 - 23.30 - 28 - 31.10
No Financial Advice
DYOR