This formation is one to keep close watch on. The market has printed a well-defined Inverse Head and Shoulders (ISHS) pattern with a clean breakout above the neckline. The breakout was followed by a classic bullish pennant, which perfectly retested the neckline zone—now acting as a strong support base.
The resulting bounce has been impressive, driving price toward the previous All-Time High (ATH). A confirmed breakout above that ATH will likely validate a powerful continuation phase, with the next key target projected around $138,000 and beyond as outlined on the chart.
The structure remains technically sound, and price action continues to favor bulls as long as the neckline holds.
The resulting bounce has been impressive, driving price toward the previous All-Time High (ATH). A confirmed breakout above that ATH will likely validate a powerful continuation phase, with the next key target projected around $138,000 and beyond as outlined on the chart.
The structure remains technically sound, and price action continues to favor bulls as long as the neckline holds.
Note
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