Recently we saw prices just break my larger triangle and follow the pattern of the inverted H&S predicted 6 days ago.
However, i am still not convinced 100% on this being an uptrend as volume has failed to draw out the right shoulder as it should have. But we are very close / got very close to hitting the targeted $8933 .
IF this predicted scenario is to play out, i have drawn up the projected target for the inverted H&S which show some juicy gains upwards to the $12,700 area.
Again though, i'm so on the fence about this as the volume has failed to confirm it as well as it should have. So unless i see a large spike in volume, i will not be confirming a bottom. On that i haven't been able to find many bearish trends other than the possibility of this bear flag.
If this is to play out we may reach a price of around $9400 before we see a strong downwards spiral.
but for now we wait and see how things play out!
Legal Disclaimer: I have no idea what I'm doing and I'm not telling you to follow me or make investments based on this information, this is just my thoughts and ideas and what ill be following. Happy Trading!!