the chart has been pretty accurate so far. It was off a bit. I was expecting it to drop from blue trendline at 205 or so but it only got to 200. We are now approaching the right shoulder at around 162-170 zone. Looking for a buy in this zone. This large inverse head an shoulders is still in play and has not been invalidated yet.
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other possibilities
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if it breaks out above blue trendline, it is possible for it to reach 200 zone. Otherwise, a drop from here is likely.
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