See this page for information on calculating measure move target for Head and Shoulders bottoms.
I like using 0.66 (66%) as the multiplier instead of 0.71. The height from the neckline to the head is multiplied by 0.66 and added to the right shoulder breakout location as shown in the main chart area.
NASDAQ futures higher implied move to complete Schiff fork
Operación cerrada manualmente
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This sucker turned all the way back down Thursday after a strong rally. Backtesting the neckline before continuation has about a 50% chance of happening on average. This doesn't look great though for bulls. I exited in profit when I saw what was happening and needed to protect gains.
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This trade is still in play and technically never stopped out.