First shoulder peaked at about $300 in early March 2015.
Head peaked at about $312 in July 2015.
Expectation of peak of second shoulder at around $300 in November.
[reading investopedia ...]
Or perhaps an inverse head and shoulders marking the reversal of the downtrend from $1200.
Shoulder #1 trough either $170 in january 2015, or $212 in February.
Head trough around $220 somewhere in april-may-june.
Shoulder #2 trough in the 190s in august.
Either way we would be on target for about $300 in another month or so. If an inverse head and shoulders, then we begin the trip to da moon.
EDIT: By the above inverse head and shoulders interpretation, the head would be smaller than the shoulders which I know is not how it's supposed to be. But not every pattern is a perfect pattern, right?
Explain using charts.