I called the Inverse HS failure too soon in comments for my previous charts. The bulls managed to pull the price above the neckline and they're pushing to get to the neckline of an even bigger Inv HS. They'll probably be successful, since that's a reasonable target for the IHS just completed. Once the price hits the neckline of the yellow IHS, it will bounce off to create a right shoulder. Whether that right shoulder gets completed... I'm betting on no. In either case, since one never knows for sure, once the price hits the neckline it'd probably be best not to enter any new positions until a definitive break above the neckline (waiting for the throwback to the neckline post breakout to do so), or below the head of the IHS. This way you can hitch a ride with the breakout, whichever direction that may be.
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hail mary failed spectacularly. The HS formation has completed, intrim target 5900
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