Inverted H&S on $INJ : The Most Bullish Chart Pattern Is Back
$INJ is currently forming Inverted Head & Shoulders pattern on the higher time frame- signaling a potential macro reversal.
Neckline Resistance: ~$16.50
A successful breakout and HTF close above the neckline would validate the structure, with a projected measured move target at $37.
Trade Plan:
Entry Zone (Accumulation): $12.50–$10.50
Invalidation Level: HTF close below $9.87
Targets: $31.12/$37.81
Bearish Confirmation: HTF close below $9.87 would invalidate the bullish setup and shift bias to the downside.
Until a confirmed breakout, price may continue consolidating within the current range. Watching for volume expansion and strong candle closure above $16.50 to enter breakout phase.
