Arab Sea could be on bullish parabola

Arab sea has a possibility to go bullish to 90’s if neckline is penetrated. It has formed a valid bottom head n’ shoulders. AB-CD also suggests an aggressive move targeting 100’s possibly 120 if the parabolic move is not broken down.

Comment:

could not penetrate the neckline, and parabola is broken down. It could signify a short position however above 81.39 cancels the bearish idea. I could've closed the trade but the speculative behavior here is very interesting. If you draw a price channel of the connecting the tops, you would notice that 77.16 is the lowest bottom of that channel. thus, it could be a reversal.