BCH idea

Looking at Bitcoin Cash on the 4 hour chart. You can see BCH has been consolidating since the November pump and formed a nice big pennant. It is oversold at the moment, hitting a historical trend line, and is in a descending wedge. Every previous time the price has hit the bottom of the wedge it has bounced. Looking for a potential jump to the neckline before retreating back to the trend line where I'm anticipating the price to climb again, finish off the right shoulder and complete the Inverted Head and Shoulders pattern. This is pure speculation as we don't even have a head yet. For the moment it's just an idea to look out for. Thoughts and suggestions welcome.