Let’s patiently go through today’s analysis here..👇
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As explained clearly on the chart, we have the inverse head and shoulder pattern evolving inside a bigger H & S.
For a short term trade to $8.30, we have this chart…
…telling us that price is expected to go long to the neckline at $6.2, reverse to the $5.3 to complete the right shoulder before a long position to $8.3.
When this has been achieved, we move to the main chart which clearly indicates that once price breaks out of the neckline at $8.3 – $8.9, a pull back will occur, then we open a good buy position to $13.
What do you think?
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