One month formed the inverse right shoulder. One month formed the inverse head. It will take another 3-4 weeks to form the inverse left shoulder. At that point we should accelerate up toward the $0.36-$0.38 region to test trend line
resistance. I think with the power of the inverse H&S
we will be able to get through this resistance level
. If we form a higher high (>$0.48) we know we're going parabolic. If we reject the $0.36-$0.38 region, we'll know we're heading back down, with a lower high reached. I suspect we'll play around over the next 3-4 weeks in the $0.29-$0.33 region before testing that $0.36-$0.38 region.
This is not financial advice, just my opinon, and that's IF we assume we're not already heading parabolic.