We can see the last leg of the inverse head and shoulder playing out .I expect an impulse that will pierce 200MA straight into the 1$ resistance . Further confirming the likelihood of this move is the “M” pattern highlighted in white on the right .After an “M” pattern the neckline will more likely be retested than not.

When it hits 1$ , sell and wait for a back-test of the 200MA ,there you can take a long with a nice risk/reward ratio.

Cheers

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