Updated

Inverse h&s target hit on xrpusd; now the head of bigger invh&s

We just hit the 4 hour charts inverse head and shoulder breakout target for xrpusd (shown here in teal). In doing so we actually formed another slightly bigger, daily chart inverse head & shoulders pattern (shown here in brown) The head of the brown inverse head and shoulder’s pattern is actually the entire teal invh& pattern. Let’s see if price action becomes attracted to the dotted brown trendline like a magnet which is often what tends to happen during the breakout. *not financial advice*

Note

Next target then is .676 or 67 and a half cents roughly.

Note

Drop currently climbing the dotted brown measured move line like a magnetic staircase

Note

Dotted brown measured move target hit!

Note

Dotted purple measured move line target next, in reaching it we should confirm the breakout from the pink neckline too which will give the pink dottedmeasured move lines top as our next target.

Note

The dotted pink line that s connected to the solid pink line that is not the one stemming from the teal trendline.

DrDovetail

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.

DrDovetail