Good morning everyone!
Yesterday the right shoulder of the Head & Shoulders pattern failed to hold, and the structure has now shifted into a triple bottom.
The last low triggered stops around 73,800 (Target 4 on the chart) — a level I’ve mentioned multiple times in previous posts.
After the stop hunt, we’re seeing a solid bounce.
How strong this bounce really is will be decided once price reaches the key observation zone (red circle).
From there, we have two main scenarios:
1. Price rejects the internal trendline → and we move to break the low again
2. Price consolidates inside the observation zone → and the triple bottom gets confirmed and starts playing out
⚠️ Disclaimer
This material is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any asset.
Always manage your risk, use proper position sizing, and make your own decisions.
