inv h&s fakeout+ crash leads to bigger inv h&s potentialbefore the latest big uptrend I said we would either have an upward target of 3850 or 4150 off the falling wedge which was fairly close....then in recent ideas I said we would likely see a fakeout on the initial inverted head and shoulder pattern and a crash downwards which has what just occurred...I think its possible we are now in a bigger inv h&s pattern that has a$200 higher upside breakout target...and if we are, the peak of the right shoulder will probably be somewhere around 3.4k I'm guessing right around the breakdown target of the current bearflag....if we continue to dip much further than that however we are likely going sub 3k to at least 2.8k and maybe even as low ass 1120 before we finally bottom/capitulate. If we do indeed validate the new bigger inverted head and shoulder pattern, there's then a slight chance the bottom is indeed in but also a chance once we reach the 5450 breakout target that we could still have our capitulation candle after that and go sub 3k....its important to anticipat all of these options in order to make the safest move. For now I think probability favors at least one more bearish breakdown from our current bearflag. Especially since on the 1 day chart(not shown here) the stoch rsi is still overextended even after the current dip.
