SHOULDER-HEAD-SHOULDER (OBO) FORMATION HAS REACHED ITS SHOULDER DEPTH TARGET.
When we wrote $IMX for the first time in technical terms, the right shoulder had not even formed on the chart. While building the head area, we waited for a break with the falling trend. Then that break came and with the rise until the right shoulder construction, it fell to the support zone with selling pressure from the 2.6 level. Yes, the OBO formation was formed at this level. While the price was in the support zone, we, as @Trader-İCe family, waited for the shoulder depth target of the OBO formation. (In the OBO formation, the goal is to first wait for a drop as much as the shoulder depth) and the support zone (neck area) broke. Then, by making a retest indicating that it broke the support zone, the OBO formation exhibited a price movement with a pinpoint needle up to the shoulder depth target.
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