Needs this upmovement to finish to do neckline, then correction down to build right shoulder = long opportunity.
Possible scenario is also that this is a W-pattern, and "Right shoulder" is W's correction. And on W's correction it decides to either go to lows or higher(and higher will also be IHS then).. As showed with black lines.
Possible scenario is also that this is a W-pattern, and "Right shoulder" is W's correction. And on W's correction it decides to either go to lows or higher(and higher will also be IHS then).. As showed with black lines.