Inverse head and shoulders did play out. Breakout target for the measured move is around $120,647.

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Discussion

We hit the upper Bollinger band on the hourly but that was just a short term top is my guess.

It's looking like we came back down to retest the yellow horizontal which has been in play numerous times as a ceiling or a floor over the last several weeks. it appears we got support and bounced back upwards.

My guess is we flag out and then proceed upwards towards that $120.5k breakout target measured from that inverse head and shoulders we just ripped out of.

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I think we need to explore $120k a bit.

Feels like we've been neglecting the 120s.