Valas.news – Head and Shoulder pattern was predicted to level 1.131776 as the end of wave c in wave 2 seems invalid, because the extended wave on wave c previously predicted to form the rectangle , actually make form the triple top pattern because the price breakout support.
And currently the price is stuck at the daily support and is ready for the correction of wave 2 which is expected to lead to the neckline or resistance above it. For anticipation, if the price is able to breakout the highest resistance then the price will refine the HnS projection.
Suggestion: Wait for the pullback price in the neckline or make pending order at the nearest resistance after the neckline with Stop lose at the highest resistance. For taking profit in the support area wave 3 or in the projection of triple top pattern (1.23884) and next take profit at the lowest support (1.20608)
