rmb

Bitcoin H&S target hit

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
130 8 0
Target of inverse H&S was 230.
I don't trade bitcoin . But posting this chart as it looks like any other chart to me.
What's the head and what are the shoulders? :)
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rmb krlbrgmn
The dip around 66 is head and another at 120 right shoulder. Left around 100.
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Can you draw this please, together with the expected future price direction?
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rmb krlbrgmn
Price projection of 230 is reached. I am posting the chart here again hope it works.
snapshot

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Thanks!
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rmb krlbrgmn
You are welcome. I should have put the labels in the first chart itself.
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rmb krlbrgmn
Head and shoulder pattern chart example chart http://www.investopedia.com/terms/h/head-shoulders.asp
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this is also looks like rounded bottom
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