PolygonUpdated Hypothetical inverse head&shoulders pattern will materialize…
. . .-if- Polygon decides to correct here for even a few days we will officially start forming a right shoulder and then we get the benefit of having an even higher target than the current $1.06 target we are heading towards for the falling wedge breakout. There is also 2 double botto breakouts and a channel breakout on the horizon too just above those 2 targets so it should create a bunch of bullish momentum as all these overlapping bullish patterns start falling like a domino effect. Of course if Polygon instead chooses to continue pumping towards the 1.06target without correcting for a day or few then the inverse head and shoulders will not materialize. *not financial advice*
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If we do indeed correct here to form a right shoulder, my guess is the lowest part of the right shoulder will likely be in by the time polygon’s golden Ross happens which is likely only a week or so away. If so I plan on trying to add to my position at that level should we be lucky enough to get the chance. *not financial advice*
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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.