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Head and Shoulders

Keep an Eye on HIGH! 📈 Bullish Breakout Alert! 🚀💎 Paradisers, #HIGH has recently broken out of a trendline and formed an inverse head and shoulders pattern, accompanied by CHoCH and BOS, indicating a bullish market structure. 💎If #HIGHUSDT manages to break above the resistance level, it would confirm the inverse head and shoulders pattern, potentially leading to a bullish move. 💎In the event of a pullback, we may anticipate a bounce from the demand level, although the probability of this scenario is relatively low, so caution is advised. 💎However, if the price breaks down below the demand level or falls below the right shoulder of the pattern, it would invalidate the pattern and be considered bearish. In such cases, it's advisable to refrain from immediate action and wait for clearer price action to emerge. 💎If you're new to technical analysis and feeling uncertain, don't hesitate to reach out via DM or comment below. I'm here to provide guidance and support.
by MyCryptoParadise_Nathan
DR Reddy: A bet for long and short termStock has given a long-term TL BO on weekly TF with Volumes Making Double bottom pattern & Inverted H&S Pattern in short term (2-3 Months) and round bottom in long term (12-15 Months) For long term investor: The SL should be 2150 with Target of 4000 (Round Bottom Target) however, for short term investor it may move up-to 2800 keeping SL below weekly Green Candle low. DISC: Only for educational purposes. Please consult your financial advisor before taking any trade.
NSE:LALPATHLABLong
by trade_opportunities
Keep an Eye on SILLY! 🚀 Potential Bullish Reversal in the Work💎 Paradisers, #SILLY has broken out of a trendline and formed an inverse head and shoulders pattern, which increases the likelihood of a bullish move. 💎If #SILLYUSDT breaks above the resistance zone or neckline area, it will confirm the inverse head and shoulders pattern, potentially signaling a bullish reversal. 💎However, in the event of a breakdown below the demand level, it may be considered a bearish scenario. Nonetheless, it might be wise to wait for better price action to develop before making any decisions. 💎If you're new to technical analysis and feeling confused, don't hesitate to DM or comment below. I'm here to help you navigate through it.
by MyCryptoParadise_Nathan
2
Get Ready for CFG Potential Bullish Surge! 🚀💎Paradisers, #CFG has broken out of a trendline and shown signs of bullish market structure, including CHoCH and BOS, while forming an inverse head and shoulders pattern, which increases the likelihood of a bullish move. 💎If #CFGUSDT breaks above the recent high, it could confirm a retest and potentially lead to movement towards resistant levels. 💎In the event of a pullback, we might anticipate a bounce from the bullish order block (OB). 💎However, if the price breaks down below the bullish OB level, it might be interpreted as a bearish structure. Nonetheless, given the overall bullish trend, it could be prudent to wait for clearer price action to form before making any decisions.
by MyCryptoParadise_Nathan
2
CELR: Watch Out for Breakout and Pullback Opportunities! 🚀💎Paradisers, #CELRUSDT has recently made significant strides by breaking out of a resistive trendline and forming an inverse head and shoulders pattern, indicating a heightened likelihood of a bullish reversal upon confirmation. 💎If #CELR break above the resistant level, it would pave the way for further bullish movement towards subsequent resistance levels. 💎In the event of a pullback, we can anticipate a bounce from the bullish OB (Order Block) level, which often serves as a strong support area. 💎However, in the scenario where the price breaks down below both of our identified levels, it may be prudent to exercise caution and refrain from taking immediate action. Waiting for clearer price action to emerge could provide better insights before making any decisions.
by MyCryptoParadise_Nathan
🚀 Watch for Breakout Confirmation and Potential Upside Targets!💎Paradisers, #QNT has recently broken out of a trendline, exhibited CHoCH in its price action, and formed an inverse head and shoulders pattern, all indicating a potential bullish move. 💎If #QNTUSDT manages to break above the resistance area, it suggests a continuation of the bullish momentum, with potential targets towards the next resistance area. 💎In the event of a pullback, we can anticipate a bounce from the demand area, especially if accompanied by bullish candlestick patterns. 💎However, if the demand area breaks down, technically signaling a bearish scenario, it would be prudent to ignore it, considering the prevailing bullish trend in the market.
by MyCryptoParadise_Nathan
DOT Sparks Potential Bullish Reversal with Inverse H & S💎 #DOT is currently demonstrating a bullish market structure, notably forming an inverse head and shoulders pattern. This pattern typically signifies a potential bullish reversal. 💎If #DOTUSDT manages to break above the high , it would confirm the breakout and could lead to further upward movement, with potential targets being the next resistance levels. 💎In the event of a pullback, traders may anticipate a bounce from the bullish order block (OB) level, providing support to the bullish bias. 💎However, if the price breaks below the bullish OB level, it would invalidate the pattern and increase the probability of a bearish trend. In such a scenario, it is advisable to exercise caution and wait for clearer price action signals before making trading decisions.
by MyCryptoParadise_Nathan
22 Mar ’24 — Nifty makes a Run, but crucial profit booking @ endNifty Analysis - Stance Neutral ➡️ Recap from yesterday: “Momentum is still something Nifty50 was not able to find so far, mainly because follow-up buying or selling was just not there.” 4mts chart Nifty has become really unpredictable and is taking all the professional traders on a wild ride. We opened Gap-down, and the 3rd candle went through the support of 21913. Just when we thought we might have a down day, Nifty makes a reversal. Magically the support of 21913 is held and Nifty moves up an impressive 297 points ~ 1.36%. On its way, it spent some time @ 22051 resistance too, but the breakthrough was proof that the animal was a Bull and not a Bear. In the closing 40 minutes, we had a round of profit booking that ensured we fell around 117 points. Nifty creates an inverse head and shoulders on the 63mts chart. IH&S is a bullish pattern. But we are not changing our stance that fast. We will wait for follow-through buying on Tuesday and then go long. The support of 22051 will be crucial and N50 has to defend it if we wish to go bullish. Meanwhile, it is a long weekend for us and that could also mean that global macros could change in between as well. 63mts chart
NSE:NIFTY
by viswaram
BAND: Inverse Head & Shoulders pattern spotted. 🚀💎BAND is exhibiting signs of CHoCH (Change of Character) and BOS (Break Of Structure) towards a bullish market structure. Additionally, it has formed an inverse head and shoulders pattern, which increases the probability of a reversal. 💎If BANDUSDT manages to break out above the neckline and resistant area of the inverse head and shoulders pattern, it could indicate a bullish move towards the next resistant levels. 💎In the event of a pullback, we can anticipate a bounce from the demand level. 💎However, if the price breaks down below the bullish demand level, it would be considered a bearish scenario. In such cases, it's advisable to ignore it and wait for better price action to form before making any decisions.
Long
by MyCryptoParadise_Nathan