Shiba INU is repeating the history !!!!Trading patterns often tend to repeat themselves due to market psychology, investor behavior, and historical price movements. The current Shiba Inu chart appears to be mirroring past formations, reinforcing the cyclical nature of technical patterns.
Stage 1, a Falling Wedge, was completed , similar to previous corrections on September 24 before a breakout.
Stage 2, a Cup and Handle pattern, was confirmed , resembling earlier bullish continuation setups in August 2024.
Now, the market awaits, Stage 3, the formation of a W pattern , which historically signals strong upward momentum in September 2024.
Finally, Stage 4, an Inverted Head and Shoulders pattern expected, could mark a significant breakout, much like previous bullish reversals.
These recurring patterns highlight the importance of studying historical charts to anticipate future price movements.
