As mentioned in the subject, on Daily we have DB
and iH&S, both reversal patterns, We have a break of the neckline and a pullback for probably retest of it. I will be looking for a good entry and will target 61.8 fib retracement, as it's the exact length of the head of the iH&S pattern. Only thing that worries me here, is the rising wedge
, normally a bearish pattern
. But as long as it does not break out of it, long on touch of the bottom trend line
, should be fine. Invalidation point i guess would be close below 23.6 fib.