This should be our reversal zone to complete the right shoulder
Look for a nice reversal in the targeted area on the chart- this will perfectly match our left shoulder and start forming the right shoulder of our inverse H&S patter that should propel us to at least 5k. A double bottom formation is possible too, however with so many traders looking at this inverse H&S pattern and with their buy orders ready to go, I'm inclined to think we make it happen. Merry Christmas to all!!
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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.