The inverse head and shoulders chart is thought to predict a bearish-to-bullish trend reversal and signals that a downward trend is nearing its end. Investors consider it to be among the most reliable trend reversal patterns.
www.investopedia.com...headandshoulders.asp
- if you DCA for long term keep doing that
- if you're in a long trade position expect a dip in price near the potential left Shoulders and not lower then the head's lowest point
- otherwise wait for the dip and enter a long or just follow the instructions on how to trade this pattern in the link attached
www.investopedia.com...headandshoulders.asp
Comment:
get ready, and don't try to catch the knife, when it's around 1.3k it has to range for a while before going up