Inverse Head and Shoulder. Target 39K-40K

31 May 2021

Hi everyone,

Thank you for considering reading my idea.

This is a separate update of my previous idea (see related idea below). My previous idea is that this could be an inverse head and shoulders pattern. I have been following this pattern since the formation of the head 2 days ago. Now, it seems like it's almost done forming the pattern. We should see a target of 39-40K (2.414 level of fib retracement)

Like this idea and follow me for more analysis like this. TAYOR.

Cheers,
Juvs

31 May 2021

Not

Added a long position near the point of the right shoulder. Now, we are now breaking the neckline. We want to see a test on the neckline before going back up

1 Haz 2021

Not

We tested the neckline and we confirmed the pattern.



This ascending triangle in 15m chart will help us reach the target.

2 Haz 2021

Not

Still getting support in the neckline

2 Haz 2021

Not

We keep getting rejected on the 37K level

3 Haz 2021

Not

Target reached