Yes an inverse head and shoulders possibly in the making in the shirt term price action and a multi year cup and handle.
Cup and handles of longer durations, such as the multi year one that appears to be shaping in POG charts lead to stronger bull runs in price action. Once the highs get taken out every man and his dog will chase the trade and send POG to new highs.
What the high will be?? Not sure, just higher than the previous highs. I don't entertain prices that some of the ultra bulls entertain but $2,400 US could be achievable if recent highs get taken out.
