Inverse H&S and Nice Upwards Trend
Fear not the retracement.
Holding above the 38.2% level (ideally at 14.1$) then the pattern still stands.
The 17$-ish target might be a bit conservative to some but if you want to (T1 - 18$) and (T2 - 22.5$), you do you.
Holding above the 38.2% level (ideally at 14.1$) then the pattern still stands.
The 17$-ish target might be a bit conservative to some but if you want to (T1 - 18$) and (T2 - 22.5$), you do you.
Well, I bought more at 14.38$. Not the bottom of it but who cares.
The retracement was followed by a lower volume candle-over-candle and a spinning top candlestick with more than double the volume of the previous 2, moving above the neckline.
This shows indecision and that more sideways movement could follow.
As for the technicals on the 4H time frame:
Oscillators - Neutral with a slight bearish bias.
MAs - Bullish as can be.
Summary - Bullish to BULLISH