The inverse Head & Shoulders is well-formed and aligns with increasing volume and retracement confluence.
A daily close above the neckline with sustained volume would validate the breakout.
If confirmed, this pattern could project a medium-term bullish move toward the $85–$90 zone.
Caution: Failure to break and hold above the neckline could invalidate the setup, leading to a retest of the $58 area.
A daily close above the neckline with sustained volume would validate the breakout.
If confirmed, this pattern could project a medium-term bullish move toward the $85–$90 zone.
Caution: Failure to break and hold above the neckline could invalidate the setup, leading to a retest of the $58 area.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.