The original chart was on a much larger time frame, but we are getting so close to the second measured move target now I figured I’d make this update on the daily chart. We are now about 3 pips away from hitting the 2nd bigger invh&s pattern’s full measured move breakout target. Always amazes me how these things come to fruition, and in this case I was able to predict with macro chart patterns it would reach these heights 7 months before it happens. That’s not to say it wasnt happening this whole time because it essentially was, just had to not fall for the initial break above the necklines and also the follow up break back below the neckline….classic head fakes I expect to see this higher target hit in February, where the market will go from there I’m really not sure..this could indeed be a fulcrum point but it could also behave like solana just recently did and just blast well above the target or after reaching the target continue to pump. Either way I expect this will at least reach within a half pi of the target but think probability is high of it hitting the target 100% still. *not financial advice* I will post a link to the original chart from last July down below. Thanks for reading, following, and rocket boosting my charts. Much respect.
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1st target was hit in December, our 2nd higher target of $39570 very probable to hit in February.
@QUICKIE, I woud somewhat expect a correction or retracement after it hits the top target That being said, just because that is the logical next move after such a lon voyage to the full target, doesn’t mean it has to happen. Sometimes these charts just keep pumping right past the target. You can however take advantage of whichever way it chooses to head after reaching its full target but becoming neutral until a clear direction has been decided from there.