Trader DanielH1 — Trading Ideas & Charts

Inverse Head and Shoulders

DOTPERP

, 60

Long

DanielH1

Opportunity for an aggressive inverse H&S play at a 50% or 66% retrace.

Aumann Long

AAG

, 1D

Long

DanielH1

Aumann recently formed a bull flag. After a bullish break price came back and retested the former resistance of the bull flag which now beacame support. This price level was also the 0.5 retracement of the neckline building an inverse H&S pattern. Price increased significantly and failed to break the massive resistance between the 17-18 euro range. In the shorter...

Alfen Short

ALFEN

, 240

Short

DanielH1

Price got rejected by strong area of reistance. In order to achieve these level we could see a pullback to reattack resistance. The same scenario can be seen in the S&P 500.

Bitcoin Analysis

BTCUSDT

, 1D

DanielH1

Bitcoin is still in an accumulation phase building higher lows. Yesterday Bitcoin tested resistance for the fourth time. Usually high volume is necessary to break these levels. Due to low volume on weekends it is difficult to gain this level. Therefore we could see another higher low forming an ascending triangle in order to test an break the strong resistance....

Inverse Head and Shoulders

DAX

, 240

DanielH1

The DAX is currently forming the 2nd shoulder of the inverse H&S pattern. Possible entries could be found at a retracement of 0.66 or 0.5 percent of the neckline. Because of the short term downtrend i would suggest a moderate TP at weekly resistances.

Inverse Head and Shoulders

BTCPERP

, 1D

Long

DanielH1

Long Term Trend: Bitcoin is still bullish in the bigger picture. This is due to the higher lows of 28796 and the recent low of 32837. Short Term: Bitcoin is currently forming the 2nd shoulder of the inverse H&S pattern. The reverse usually occurs at 1/2 or 2/3 retrace of the neckline. Lower volume also favors the 2nd shoulder to hold. To successfully complete the...