This chart illustrates the classic Head and Shoulders pattern, a key reversal indicator. The formation includes a Left Shoulder, Head, and Right Shoulder, which suggest a potential market reversal. Notable price levels such as the 1W High and 1W Low, along with support and resistance zones, are highlighted for further analysis and trade decision-making and a fake...
This analysis highlights a potential bullish setup with price action near a key ascending trendline, supported by a minor buying zone. The chart displays multiple demand zones where price has previously reacted, indicating potential areas of interest for buyers. The current consolidation near the trendline suggests the possibility of a bounce. Key elements of the...