Potentially forming an Inverse Head-and-Shoulder pattern (bullish). A breakout from this pattern will have a measured target of around 42.
Also potentially forming a Bearish Shark harmonic pattern with potential reversal zone between 40~42.
Immediate support at 36.75.
Immediate resistance at 38.9
Trading Plan
- Test buy near the immediate support area with stop-loss just below 35.7 and a TP of 40~42 (risk/reward ratio of at least 1:3).
- Also a potential buy on breakout from Inverse Head-and-Shoulder pattern with an initial TP of 42.
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| Inverse Head-and-Shoulder pattern |
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| Bearish Shark harmonic pattern |
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