Another bounce off of this small triangle?We appear to have put in a inverse head and shoulders pattern indicating that we might bounce of this support region again and make another bounce off to 10150~
This is what it might look like, we might finally breakdown and enter the outer triangle, there is a possibility we break out of that aswell
Headandshouldersbottom
LTC broken necklineEveryone's watching this and LTC does appear to be leading the pack. Going half position on this break and adding on daily close but looks like the neckline is broken. The only real requirement for a H&S bottom, according to the guy who wrote the book on it (Edwards) is a high volume breakout of neckline to confirm the pattern. This differs from the volume requirements of an H&S top. Target around 50-51.
Don't be bulltarded; these patterns can often fail and if you subscribe to the narrative or manipulation and pattern painting (I don't) this is a perfect time for big whales to dump their bags so tread lightly.