In this chart, as you can see, we might be dealing with an inverse head and shoulders pattern. If confirmed, this pattern could lead to higher prices.
However, before taking any positions, it would be prudent to wait for a shift in the lower timeframe market structure toward a bullish trend to ensure stronger confirmation of the move.
However, before taking any positions, it would be prudent to wait for a shift in the lower timeframe market structure toward a bullish trend to ensure stronger confirmation of the move.
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Price failed to close above the right shoulder top. Therefore, this reverse head and shoulder pattern failed to complete. 
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