We have yet another good trade setup here. It's not the perfect inverse Head and Shoulders, but that bullish flag on the shoulder makes up for it and it also retraced at the golden ratio, which is the 61.8 percent. If we get an upward break of the bullish flag, we will probably see a rally that takes us to the 1.618 extension.
Reasons for the trade:
1. Bullish flag
2. Inverse Head and Shoulders
3. 61.8 Fibonacci retracement
Reasons for the trade:
1. Bullish flag
2. Inverse Head and Shoulders
3. 61.8 Fibonacci retracement