If this inverted Head and Shoulders plays out as drawn we should break 60K very soon. If you feel risky you could go long at the bottom of the right shoulder with a stop a few dollars down and if you are more conservative you could go long at the break of 60K with a stop just under your entry. (or whatever are your stop tolerances)
The first profit target would be at least 62K or the entire height of the Head and Shoulders pattern. But..... we have been consolidating in this range for a very long time so if the price breaks 60K again I do not believe it will just stop at 62K. It may start to run and run HARD! Watch for heavy volume to confirm the breakout.
Me? I'm still long waiting for the moon.......... :0)
BBC Out!
Not
They are still shaking people out left and right. Obviously if the right shoulder price breaks below the head then this pattern is totally blown. Still a chance it works, but it's getting shaky
Emir iptal
Pattern blown. They don't make anything easy do they?
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