inverse Head & Shoulders:

Left Shoulder → Head → Right Shoulder has been fully formed.

The neckline breakout has already occurred, and the price is now pulling back towards neckline support.

Volume increased during the breakout — which is a good confirmation.

✅ Possibility: High Chance of Upside (Bullish Setup)

Reason:

Pattern confirmation has occurred

Neckline is currently being retested (Break → Retest → Bounce?)

The price is now taking support just above the neckline (around 16.50–16.60)

Volume has now decreased, indicating a pullback phase

🎯 Target Projection (Based on Pattern):

Height from head to neckline ≈ $3.5

Neckline breakout point ≈ $16.50

👉 So the target will be: 16.50 + 3.5 = ~$20.00

📈 Entry, SL, Target Suggestion:

Element Level

Entry Zone 16.50–16.70

Stop Loss 15.90–16.10 (if strong close below neckline)

Target 1 18.20

Target 2 19.50–20.00

⚠️ When will it be Invalidated?

If the price closes below the neckline (≈16.50) with a strong bearish candle, then this bullish pattern will be invalidated.

🧠 Final Opinion

Maintain risk management according to the timeframe. Ready to go bullish 🚀 unless the neckline breaks down.