Inverse Head and Shoulders about to be confirmed

24 בינו׳ 2021

When the Head-And-Shoulders-Pattern's breakout is confirmed by a weekly close above the neckline (0,04), the reach of the suggested target would break the upper trendline, which is drawn from the highest wicks of the mult-year downtrend. also watch out for a monthly close above 0,04. This will create a higher high on the monthly chart and would further confirm a trend reversal.