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Invertedheadandshoulders

IPG WCA - Inverted Head and ShouldersCompany: Interpublic Group of Companies Inc. Ticker: IPG Exchange: NYSE Sector: Communication Services Introduction: In today's technical analysis, we focus on Interpublic Group of Companies Inc. (IPG), a prominent player in the Communication Services sector, listed on the NYSE. The weekly chart is currently illustrating an interesting Inverted Head and Shoulders pattern, a traditional bottom reversal formation. Since we have analyzed the XLC and a bullish environment favors this sector, we have selected this stock for closer examination. Inverted Head and Shoulders Pattern: The Inverted Head and Shoulders pattern, usually observed after a significant downward movement, signals a potential bullish reversal. This pattern is characterized by three troughs, with the middle one being the deepest (the "head") and the two others (the "shoulders") being shorter and roughly equal in depth. Analysis: Previously, IPG's chart was showing a clear downtrend. However, we've spotted a promising Inverted Head and Shoulders pattern that has been developing over 651 days. The symmetry between the left and right shoulders is intact, and the price now appears to be consolidating above the horizontal neckline at $39.28. The price's position above the 200 EMA demonstrates a bullish market environment, suggesting that long setups could be more advantageous at this time. If a breakout above the neckline is confirmed, it could represent a good entry point for a long position. The potential price target is set at $53.73, indicating an upside of approximately 37% from the level of the neckline. Conclusion: IPG's weekly chart reveals an intriguing setup in the form of an Inverted Head and Shoulders pattern, suggesting a possible bullish reversal. However, this is a watchlist candidate and not a direct trading recommendation. As always, this analysis should be used as part of your comprehensive market research and risk management strategy. Please remember, this is not financial advice and investing always involves risk. If you found this analysis helpful, please consider liking, sharing, and following for more insights. Wishing you profitable trading! Best regards, Karim Subhieh
NYSE:IPG
by KarimSubhieh
XLC Sector WCA - Inv HS Sector: Communication Services (XLC) Introduction: Hello everyone! Today, we're analyzing the weekly chart of the Communication Services Sector (XLC). After a clear downward trend, we observe a potentially bullish reversal marked by a variation of an inverted head and shoulders pattern. Inverted Head and Shoulders Pattern: Typically, an inverted head and shoulders pattern serves as a bullish reversal signal, suggesting a shift from a downtrend to an uptrend. Analysis: The XLC's price action has been forming a variation of an inverted head and shoulders pattern over the past 342 days. With a recent breakout above the horizontal neckline at $60, the price is decisively above the 200 EMA, supporting a bullish market environment. The projected price target based on this pattern is $75, which equates to a potential increase of around 25%. From this analysis, we infer that the Communication Services Sector may outperform in the coming weeks or even months. Therefore, it might be worthwhile to pay closer attention to the individual stocks within this sector. Conclusion: The weekly chart of the XLC sector has shown a confirmed bullish reversal signaled by an inverted head and shoulders pattern. With a successful breakout above the neckline already in place, this could indicate a continuing bullish trend, suggesting that it may be an opportune time for long positions in this sector. As we expect the Communication Services Sector to potentially outperform in the coming weeks or months, investors might consider focus on individual stocks within this sector for investment opportunities. As always, your own research and risk management strategies should guide your investment decisions. Thank you for tuning into this analysis. Don't forget to like, share, and follow for more insights into the market. Happy trading! Best regards, Karim Subhieh
AMEX:XLC
by KarimSubhieh
EFX DCA - Inverted H&S Company: Equifax Inc. Ticker: EFX Exchange: NYSE Sector: Industrials Introduction: Hello, and welcome to this technical analysis! Today, we're exploring the daily chart of Equifax Inc. on the NYSE. We observe an intriguing pattern within a pattern: a shorter-term head and shoulders continuation pattern nested within a longer-term inverted head and shoulders formation. Inverted Head and Shoulders Pattern: An inverted head and shoulders pattern is typically recognized as a bullish reversal pattern, often signaling a transition from a downtrend to an uptrend. Analysis: Equifax's price action has been forming an inverted head and shoulders over the past 411 days. The horizontal neckline, which currently acts as resistance, is around $223.50. Despite the lack of symmetry between the shoulders, the right shoulder being higher than the left is often considered a positive sign. Interestingly, the right shoulder itself contains a shorter-term head and shoulders continuation pattern that has been forming for about 188 days. It's worth noting that the price remains above the 200 EMA. Aggressive traders could have already positioned themselves with the break of the right shoulder at the head and shoulders, but for the conservative ones, we are patiently waiting for a break above the horizontal neckline. The price target for the inverted head and shoulders pattern is $300.84, which represents an approximate increase of 34.58%. Meanwhile, the shorter-term pattern suggests a price target of $257, or around a 22.77% increase. Conclusion: The daily chart of Equifax Inc. presents an intriguing situation where a short-term head and shoulders pattern forms within a longer-term inverted head and shoulders. A confirmed breakout above the neckline could signal a bullish reversal and offer a promising long position entry. As always, it's crucial to perform your own due diligence and employ suitable risk management strategies before making any investment decisions. Thank you for tuning into this analysis. Please remember to like, share, and follow for more market insights. Happy trading! Best regards, Karim Subhieh
NYSE:EFX
by KarimSubhieh
Moody's Corporation WCA - Inverted H&S Company: Moody's Corporation Ticker: MCO Exchange: NYSE Sector: Financial Services Introduction: Hello and welcome to our technical analysis! Today we're examining the weekly chart of Moody's Corporation on the NYSE. A fascinating pattern within a pattern is currently unfolding, with an inverted head and shoulders formation potentially serving as a bottom reversal. Inverted Head and Shoulders Pattern: An inverted head and shoulders pattern typically serves as a bullish reversal pattern, signifying the transition from a downtrend to an uptrend. It's characterized by three successive lows with the middle low (the head) being the deepest and the two other lows (the shoulders) being shallower. Analysis: Moody's previous trend was clearly bearish, interrupted by a consolidation phase taking the form of an inverted head and shoulders. This pattern has been developing over 392 days. Although the usual symmetry between the shoulders is absent, the right shoulder sitting higher than the left is typically a positive sign. Intriguingly, the right shoulder itself seems to be forming as a smaller head and shoulders pattern, all occurring above the 200 EMA. The horizontal neckline of this pattern is at $325. A breakout above this level could provide an opportunity for a long position entry. Upon a successful breakout, our projected price target would be at $418.30, translating into a potential price rise of approximately 28.83%. Conclusion: The weekly chart of Moody's Corporation presents an interesting pattern within a pattern, where a short-term head and shoulders pattern forms within a longer-term inverted head and shoulders pattern. A confirmed breakout above the neckline could offer a promising long position entry. As always, it's important to conduct your own due diligence and employ appropriate risk management strategies before making any investment decisions. Not financial advice Thank you for joining this analysis. If you found it insightful, please like, share, and follow for more market updates. Happy trading! Best regards, Karim Subhieh
NYSE:MCO
by KarimSubhieh
2
BTCUSDT 1W The last bullish Parabolic where are you?BTC's prediction on the Weekly chart. From the recent performance, the market is making parabolic pattern. Yes, BTC still lacks one upward climb. Technically, by using Inverted Shoulder Head Shoulder, Ascending Channel, market can be predicted for these insights: 1. BTC still has a chance to touch the green horizontal trendline, which is in the 25K2 area. 2. But BTC has a maximum correction limit of 22K800, if the market opens weekly or daily below that, it can be predicted that there will be no bullishness for the next 12 months since the price is below that. 3. From Inv.SHS Pattern and horizontal S/R can be predicted and make sure the target is between 33k8 to 37k9. 4. However, the parabolic pattern has a bonus in the last push, so it is possible for the parabolic to go crazy, touching 48K or even 50K after that the market will hibernate for 18 months, aka bearish maximum pain.
by deSultanTM
Either way - 37k or 13kTwo different ways to look at the present HSi pattern on Bitcoin, both targeting the same areas with slight divergence: - If it's the smaller dotted white line HSi, we're already near completion of a re-test, now. - If it's the larger solid blue line HSi, we could fall a bit more to complete a re-test. If either of these fail on re-test and then drop and hold below the right shoulder, targets for both lies in the area of 13k. If either succeed on re-test, the targets for both land in the area of 37k. --- If you like my ideas, please give it a thumbs up. If you don't or have an alternate opinion, please still share your thoughts in the comments. --- Thanks for reading!
INDEX:BTCUSD
by dudebruhwhoa
Bridgestone Corp WCA - Inverted head and shouldersCompany: Bridgestone Corporation Ticker: 5108 Exchange: TSE Sector: Automotive & Auto Parts Introduction: Greetings, and thank you for taking the time to read this analysis. Today, we are examining the weekly chart of Bridgestone Corp on the Tokyo Stock Exchange (TSE). Our focus is on a classical price pattern known as the inverted head and shoulders, which here manifests as a bullish continuation pattern. Inverted Head and Shoulders Pattern: The inverted head and shoulders pattern on this chart has been forming over a 686-day period. This pattern is particularly compelling due to its near-perfect symmetry, represented by the symmetry line. The current resistance, also referred to as the neckline of the price pattern, has seen multiple tests and is sitting at 5468. Bullish Environment: Notably, the price remains above the 200 EMA (Exponential Moving Average), which typically indicates a bullish market environment. Therefore, we are patiently waiting for a clear break of the neckline. Trade Strategy: To avoid premature breakouts, we could combine this trade with a breakout filter. Upon successful breakout, the price target stands at ¥6883, representing a potential price increase of approximately 26%. Conclusion: The weekly chart analysis of Bridgestone Corp reveals an emerging inverted head and shoulders pattern, suggesting a bullish continuation. As always, when trading based on chart patterns, it is essential to consider risk management and adequate position sizing. Please note that this analysis does not constitute financial advice. Always conduct your own thorough research before making investment decisions. If you found this analysis helpful, please consider liking, sharing, and following for more updates. Happy trading! Best Regards, Karim Subhieh
TSE:5108
by KarimSubhieh
WBD | Wave Analysis | Downtrend breakout | Inv. Head & ShouldersWBD : Wave projection - weekly price action and chart pattern analysis > The downtrend channel 5 motive wave breakout with a possible valid inverted head * shoulders pattern formation > A potential ABC correction uptrend pattern - a typical wave b bull flag pattern for right shoulder pattern targeting at 0.618 - 0.786 fibonacci retracement of wave a. > If successfully breakout neckline - TP wave c at 1.618 extension of wave a near MA200w zone +100% > SL @ IHS position -20% downside > Indicator : RSI week bullish divergence Always trade with affordable risk and respect your stoploss Good Luck
NASDAQ:WBDLong
by dukeposh
Ethereum Hasn't Reached 1.5x Target of its HSiThe eth/btc pair confirmed an inverted HS a while back, and hasn't yet reached its TP2 (or a 1.5x measured move from the neckline). It hit TP 1 and has since consolidated between TP 1 and the 0.5x halfway mark. It may get a chance to test that area again, potentially even falling into the Accumulation Zone shown on the chart, which might be a good spot to increase position. It also may not. Look for an eventual move to TP 2. Alternatively, I think there's a chance it could fall as low as ~0.025, making a move symmetrical to the one on the far left of the chart before finally firing back up towards 0.1 and higher. See links to related ideas below, including the alternate move back down near 0.025.
Long
by dudebruhwhoa
AMZN - inverted Head & ShouldersAMZN went through a complex Wckyoff Distribution that began from Sep2020, lasting more than a year before succumbing to the bear market of 2022. Finally in Dec 2022 it dipped into a long term support area (80-84) and began to find support. The recovery since then has been choppy and an inverted head and shoulders (bottoming) formation began to take shape in this process. Last Friday, AMZN finally broke above the neckline (zone 104-105.50) to close 106.96. Could this be another "false" breakup as it had happened earlier on 2nd Feb this year? We will not know for sure however the odds have improved with the formation of an inverted H&S formation (a bullish reversal pattern with good odds of success, though nothing is 100%). With earnings expected on the 27th Apr, there is some risk taking a position now. However any dip going forward might find support around 95-06 region and could be opportunity to accumulate. Let's see what happens after earnings! Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! "Let winners run and cut losses short". Take care and Good Luck!
NASDAQ:AMZNLong
by Juliac
3
Gold Outlook 21 April 2023Gold reversed strongly after having reached the resistance area of the 2050 price level, testing a low of 1970. However as the price failed to break above the 50% Fibonacci retracement level overnight, a continuation of the downside can be expected but could be limited Watch price action along the 1985 price level where a rebound from this level could form an inverted head and shoulder pattern, with the neckline at the 2010 price level. This inverted head and shoulder pattern could lead to a resumption of the uptrend for Gold. Naturally, the directional bias of Gold will also be dependent on the DXY.
OANDA:XAUUSD
by JinDao_Tai