FSLY bull thesis conditional on daily close above 29.83 triggering inverse head and shoulders for move to 46.33.

Look at Fastly, FSLY. Now, the key here is where can price close? We clearly see we closed today $29.65. that did not trigger this inverse head and shoulders that is drawn on your chart.

Where am I talking about on FSLY? Well, first we need to put in a daily close above 29.83. If we can do that, that increases probabilities of price action on FSLY pushing up to $46.33.

This could be a very, very big push on the chart of FSLY. Now, note this inverse head and shoulders pattern has been forming since April of this year. So, this is a fivemonl long inverse head and shoulders pattern.

Again, not triggered yet and likely won't be a straight line up to 4633. If we do get that daily trigger, we likely will come into resistance at this previous pivot top at 34.82 before we then potentially retest that neckline for that breakout retrace bounce play that we always talk about here in trading the close.

So, put that on your radar with FSLY. Look at this monthly chart, guys. We got a lot of room to run on this chart if and when we can get this uh critical daily close over that neckline for FSLY.