LTCBTC - 1D - Inverse Head and Shoulder?

Not a financial advisor.

I will be a bit disappointed if the following pattern will not form.

After a breakout of the wedge it can possible to have a retest of that formation...
This retest would make the bullish case for a Inverse Head and Shoulders possible.
BUT going further down into the wedge makes the bearish case stronger for a new lower low.

Waiting for further developments.

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I cannot at the moment draw any conclusion.
This proposal might still be valid.
Waiting for the tomorrow.

I still don't like the momentum driving into support.

Komentar:

I don't like the fact that there was 1 daily close below previous shoulder and inside the wedge.
But charts are not always 100% as I expect them to be! ;)

Trading ditutup secara manual:

If daily closes below the "Close" from the Head, it invalidates the Inverse Head & Shoulder pattern.

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