hello guys.
Pattern Formation: The inverse head and shoulders pattern, with a well-defined neckline, indicates a bullish reversal signal.
Breakout Confirmation: Price has broken above the neckline, a key resistance level, which suggests a continuation toward higher targets.
Price Targets: If the bullish momentum holds, the next major resistance is around $0.00003700, with the potential to reach $0.00005700.
Risk: Failure to maintain above the neckline could result in a pullback, potentially re-testing lower levels before any further bullish movement.
Pattern Formation: The inverse head and shoulders pattern, with a well-defined neckline, indicates a bullish reversal signal.
Breakout Confirmation: Price has broken above the neckline, a key resistance level, which suggests a continuation toward higher targets.
Price Targets: If the bullish momentum holds, the next major resistance is around $0.00003700, with the potential to reach $0.00005700.
Risk: Failure to maintain above the neckline could result in a pullback, potentially re-testing lower levels before any further bullish movement.
Note
it seems it is ready to give us a pullback!
👉 My recommended broker: bit.ly/HYMCMELI
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Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
👉 My recommended broker: bit.ly/HYMCMELI
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.