After what seemed like neverending volumeless sideways movement, we finally broke up bullishly and we have now hit the breakout target of the descending broadening wedge give or take a quarter of a pip and have also hit a very strong former resistance line just below the neckline of the inverted head and shoulders that we are now finishing the right shoulder on. In achieving the higher high we also invalidated a possible normal head and shoulders pattern by going above the peak of its head. interestingly enough the diamond patterns bullish break target was the exact same as the broadening wedges breakout pattern which created perfect confluence of the wedge and the diamond bottom. If we can manage to continue the higher high trend and trigger this inverted head and shoulders pattern 5.2k is looking very possible. Of course yet another inverted head and shoulder fakeout is just as possible right now so wise to set smart stoplosses close to the neckline.