Inverse Head and Shoulders

An Elliott wave formation locks to be complete to the upside. An AB-CD correction can also be noted.
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Mixed and volatile trading looks to have formed a reverse Head and Shoulders. A break of 1.6622 and the measured move target is 1.6952
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We look for a bullish reverse Head and Shoulders to form. The 61.8% pullback level is located at 1.1313 (from 1.1216-1.1472). Th previous swing low is seen at 1.1302. This is our prime area to get long.
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Monthly: Trading within a bearish channel formation. Trend line resistance is seen at 1.2448. Levels close to the 38.2% pullback level of 1.2522 (from 1.6038-1.0349) found sellers. There has been little net change for the last four months.…
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Possibly forming a bullish reverse Head and Shoulders pattern. We have the 61.8% pullback level close to the trend line support at 1.2905. Buying dips close to this support offers a good risk/reward trade.
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