Inverted Head and Shoulders bottoming pattern is appearing. All squatches are masters of hiding and often these sightings are hoaxes. If this sighting is true we are catching the inverted right shoulder at a good time to maximize profits with limited risk.
Long term trade analysis is shown in my other Monthly chart. Here we are looking at the start of wave 3. Can price go lower because analysis is incorrect? Yes! Stop loss is very very close as shown. Long term traders can invest for years. Shorter term traders can look to 2.61 extension zone for a good risk reward target this is a likely wave 3 target using extension of wave 1 and wave 2 shown in chart.