🔥 QNT Forming Inverse Head & Shoulders: Wait For Confirmation

15 сент. 2022 г.

QNT has seen some tremendous gains over the last couple of months. During the last dip QNT is potentially forming an inverse head & shoulders pattern. This pattern is classically a bullish reversal pattern, so that's what we're looking at today.

I'd advise to wait for a confirmed daily close above the neckline before entering a bullish position, especially with the rest of the market dumping hard. Patience is key. If the market continues to fall, QNT will likely follow, which will invalidate this trade.

Targets placed at the recent demand area between $175 and $200.