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Inverse Head and Shoulders

20+ pips bagged, more projected moves below.Price is likely to come all the way down to hit 1.34500/1.34400 then bullish all the way to the next psychological level @1.3550. This projected move has a very high probability of occuring so watch out. Don't buy just yet, our bearish move isn't quite complete yet because at the moment. price in H1 got stuck in the 200EMA and it's gathering volume to break that level hence the consolidation. Hopefully Jolts Job openings provide the necessary volume we need to make this analysis happen. We have another strong pattern that supports this analysis and as you can clearly see on the chart. It's our favourite pattern the inverse Head and Shoulders pattern. We're waiting for our Last shoulder to form before taking those buys💯.
Long
by LaBOSS_FX
We Got A Funky Head And Shoulders On Gold. Will It Play Out?Looking at the 4-Hour view on Gold, we see that we have a potential inverted head and shoulders pattern playing out. However, we have not yet seen a retrace to the neck zone (Labeled on the chart ). As we are Breakout/Retest traders, we always always always like to see a retrace back to where the initial break out occurred from before we considered entering. The extreme price of the head is at the 1782.6 support level, and for the past few days, we have been expecting the price to trend slightly higher based on the divergence the histogram of the MACD has been showing. We have seen sellers weakening. We have also been expecting the price to push the 1810 point; old support flipped resistance. We also see a nice trend line moving upwards following price. This suggests bullish movement. We also notice volume decreasing, suggesting that a strong move could soon be on the cards. So play this carefully. Always wait for a setup to present itself and come to you. Never FOMO into a position. A retrace to the Neck zone would be where we would enter a long position. If we see no retrace and price heads towards the 1810 level without coming down to retest the trendline and neck zone, then no setup = No entry. A retrace to the neck zone and trendline would provide a safe entry with a RR of 1/4. The target would be the 1810 zone.
OANDA:XAUUSDLong
by TheVortexTrader
Bond Broadening - in 3DVolatility is the name of the game as the major indexes were in a big range all week. The Nasdaq is testing it's 2 hour UBB with a Bull Flag under resistance. The Russell 2000 also has a Bull Flag after finding 2hr LBB support, setting up a potential Lower High under the 2h 50 SMA. The Bonds gave back the bull break during the FOMC meeting and are now showing a choppy head and shoulders, on the 30 minute, which does not have the nice rolling shoulders. The weekly iH&S neckline remains a point of control.
TVC:US10Y
by Pennywick
BTC - Bitcoin - 4h - rising wedge - volumen divergenceThis is my current Idea of BTC for the next Hours and Days. The Volume is dropping slowly and we should normaly see a retest of the low, so we see a iHS This would perfectly fit into my prediction from 30.12.2021 to my big Wedge as a retest From here we sould bounce down to my daily big HS down to 25-28k Then up for a big retest and mega HS... Lets see what we can get, what do you guys think about it, make any sense? Post your comment and idea below!
BYBIT:BTCUSD.PShort
by Permabaer
1
Use proper risk managementStop loss - @1.12530 Take profit - @1.1350 Entry - @1.9.9.1.x.x.x.1.3.0.4 This is a pretty straight forward trade but straightforward hasn't really been the strong suit of prices lately due to inflation but fundamentals support this trade so we'll see. Reason for this trade 1. Strong fundamentals. 2. Strong confluences (trendline, H4 support). 3. The action price is currently taking in M15 is kind of a rejection of the trendline. 4. Inverse head and shoulders pattern forming, it's remaining the last shoulder which should take price to our target. All I'm waiting for now is a "W" pattern and divergence in M15 and hopefully in H1 as well !.
Long
by LaBOSS_FX
2