We just hit my top QNTUSD breakout target & now have a new one!
That was incredibly fast with practically no correction in between the last 3 targets we’ve hit. What’s interesting is the correction wick started forming at around 225 which essentially caused us to form another potential inverse head and shoulder pattern. This pattern is still very speculative considering we haven’t even began to form a right shoulder yet and with enough doom the price could easily blast back above this potential neckline and nullify the inv h&s pattern…however since I was able to predict the last inv h&s pattern precisely before the right shoulder formed and things tend to play out in fractals, it’s worth speculating that we may indeed be looking at yet another, bigger inverse head and shoulders pattern beginning to form its right shoulder here. Another great sign of bullish confluence for this becoming an inv h&s is if it does the breakout target (aka measured move) for this inv h&s would bring price action back up to the exact All time high! Anyways thought I post this now just in case it plays out like my previous ideas. Watching them obey TA so well has been very entertaining. No guarantee they will continue to do but would be awesome if they did. I will post my previous quant ideas below so you can see how well this has been playing out since June. *not financial advice*
Comment:
Not a terrible idea to take a least a fraction of profit right around when it hit the target I have mostly been hodling but a wise move i like to implement fairly often is to dial down any leveraged positions upon hitting the target and even buy the dip when it retests certain resistance or add to leverage at those points. Mostly hodling for me so far though.
Comment:
First line of support I will be looking for is the dotted white measured move line although I would not be surprised to still see it retest the white neckline of the inv h&s we just hit the full breakout target of before completing this new right shoulder for the inv h&s with the new teal neckline.
