As I showed on the chart, there are inverse head and shoulder as well as double bottom at %61.8 fibonacci retracement.
In technical perspective, the scenario is, if the neckline (thick line) is broke after that pulled back to the neckline then the price would go up about +40%.
In technical perspective, the scenario is, if the neckline (thick line) is broke after that pulled back to the neckline then the price would go up about +40%.
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.