NASDAQ Inverted Head and Shoulders forming the bottom

Nasdaq is near the MA50 (4h) after 2 weeks of bearish trading.
The long term pattern is a Bearish Megaphone.
It may be completing an Inverted Head and Shoulders pattern, which is a bottom pricing formation.

Trading Plan:
1. Buy when the price crosses above the MA50 (4h).

Targets:
2. 12480 (under the bottom zone of the Bearish Megaphone and inside the Fibonacci 0.5 - 0.618 Zone that was a Support before).

Tips:
1. The RSI (4h) has been rising inside a Channel Up, indicating a Bullish Divergence.

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