Rune has made a perfect reversal pattern:
1️⃣ Inverted Head and Shoulder - reversal pattern in downtrend
2️⃣ Price broke above the neckline - pattern confirmed
3️⃣ Breakout was on increasing volume = high confidence
This puts the price on a clear path to the next resistance at $3.
Then re-assess. For now, the bias is bullish and the trend is clear in my eyes.
Stop-loss under the neckline.
Like and follow if you liked my idea!
1️⃣ Inverted Head and Shoulder - reversal pattern in downtrend
2️⃣ Price broke above the neckline - pattern confirmed
3️⃣ Breakout was on increasing volume = high confidence
This puts the price on a clear path to the next resistance at $3.
Then re-assess. For now, the bias is bullish and the trend is clear in my eyes.
Stop-loss under the neckline.
Like and follow if you liked my idea!
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Likes and follows appreciated! 🚀