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Potential Inverse Head and Shoulder. Target 41.7K

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Hi everyone,

From our previous idea of the head and shoulder with a target of 33.6K, we may now be forming another head and shoulder but an inverse one. Note that this is VERY EARLY to tell. But if we ever form this pattern. The target, initially, could be at around 41K in the next few days.

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Cheers,
הערה
Target of previous idea H&S reached.

We may have reached the peak of the head. We should see a bounce from there. We're also seeing a bullish divergence in the RSI.

תמונת-בזק
הערה
Adjusted the head. We're almost done forming the head. Let's see if it's going to form.

תמונת-בזק
הערה
Looks like we didnt reach my initial formation. Though, I managed to adjust the pattern. New target at 40k

תמונת-בזק
הערה
Almost done forming the right shoulder. Will we go up to form it or continue going down invalidating the pattern?

תמונת-בזק
הערה
Bouncing right now. When i draw a fib retracement from neckline to right shoulder, the target is near the 2.414 level

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הערה
Posted a separate update here:

Inverse Head and Shoulder. Target 39K-40K

כתב ויתור

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