Not a head and shoulder... Besides, it would have dropped already when it hit 1.50 even if it was a real head and shoulders. Going to test 1.97 then 2.04 and break out at 2.05... Testing 2.04 fails it will drop back down between 1.78 and 1.82 for the next day at least, while the whales accumulate and manipulate.
This is the classic and very clear definition of a head and shoulders pattern. Also, there is no time limit that sais that a head a shoulders pattern has to reach a target area within a particular time. This market has a high probability of going below the 1.00 area. @Christian-Presley,