Took a long time for this one to finally reach its target but as we can see it just did with pinpoint accuracy. Been watching this one for a long time now. *not financial advice*
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We can see just above the neckline of this inverse head and shoulder pattern in reaching the full target we formed and even higher neckline I will go into depth about that neckline in another idea
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I have calculated what the higher neckline(not shown here)’s measured move target would be once it confirms its breakout and it will be all the way up at 48k. Of course the current zone price action is in is a key fulcrum spot so its probable that we retrace and perhaps even correct back below the higher neckline for a bit before having the full confirmed breakout. We will have to wait and see. I will post a chart of just that inverse head and shoulder pattern in the next day or 2.