We can see the initial target for the double bottom breakout has been hit. Now the question is whether or not the higher target which is the Inverse Head and Shoulders breakout target will be hit or not. Odds are good it will be, however we may see a retrace first.
Note
Pink line is the double bottom neckline. Yellow line is the inverse head and shoulders neckline.
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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.