Traders,

Just thought I’d throw out a quick chart here. Looks like we’ve got an inverse Head and Shoulders pattern appearing on the 4 hr chart. Target shows as 14 cents. This would be the first. Above that you have the 100 day moving average at around 15 cents and descending. This would be the second target.

Entry signal:

You want to wait for confirmation on the 4 hour chart. Confirmation #1 is a move above the 200 candle (descending red line). Confirmation #2 is a move above our level of resistance at 12.46 cents. You want to see a candle close above this. For those with a lower risk tolerance, you might want an additional candle to open and close above this resistance threshold.

Some of you may want to watch the video I did on this showing you how I found our targets and more (see “Link to Related Ideas” below)

Happy trading my friends!