This set-up is not as clear as e.g. BTC where the B-level dipped below the 0-level, creating a clear inverse head & shoulder. Here the B-level on its own created the inverse head & shoulder, even with a break of structure now.
Today price went further down, just not hitting the shoulder level. The difference is really marginal, we can start for probable reversal patterns on the lower timeframe 4H.
As the inverse head and shoulder pattern happens within the last bullish impuls, i take the fibonacci retracement of that bullish impuls. We can see two take profit levels. The first one @ the fib level -0.27 = 4.440 $. The second one @ 4.660 $.
Still take into account that those swing lows haven't been swept yet. It doesn't have to be necessarily straight away, can be taken out later.
