Inverted Head and Shoulders

Heres a formation that looks like might be on the cards and nearing completion; Inverse Head and shoulders which is bullish and might indicate trend reversal. Target around $500 ish. Chart shows Bitstamp data as usual, with 2 hour candles.

Regardless of that pattern and wether it plays out, in my opinion there is mounting evidence that the green sloping trendlines are valid although at the moment only providing limited support before slipping, how long until it starts gaining more traction? For me outlook still bullish except perhaps on very short timescales.

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