Another call for COMPLEX INVERTED HEAD AND SHOLDER BOTTOM.
A complex head-and-shoulders bottom is a chart pattern that looks like an inverted head-and-shoulders but with multiple heads, multiple shoulders, or sometimes both. The break even failure rate is low and the performance is good from this chart pattern
With an initial move as to the completion of the second right should, was watching to see how this will be completed and as well the major move down of the oscilator to the oversold area. A retracement back down to the 0.618fib level should make this pattern completed, as shown below:
If completed, a strong resistance at 68.5usd holding it down which is neckline will be the first target.
TECHNICALS suggest that when the pattern is completed, a move toward the fib extension between 1.272 and 1get. tar.414 will be the 1st.
Disclaimer: The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.