Pretty good looking inverse head and shoulders...
Indeed. Actually there are two possible inverse H&S that could form, one small and one large:
The small red inverse H&S forms if we go down a bit and then go up again and break above the recent .118 CNY high. It could go down to the support line, but it doesnt need to go down that far. (The drop to .105 was already enough, though we could go lower in the next couple days).
The large purple inverse head and shoulders has been forming for the past two months, and triggers on a break above .135. Its a bit irregular, the right shoulder is too long, but I think it would still be meaningful. The .135 CNY level is a big resistance level, if we break above it then we are solidly in bull mode and should go much higher.
Important note: An inverse head and shoulders is meaningless until the neckline is broken. Its only a potential setup so far.