Head and Shoulders Pattern Overview: The Head and Shoulders pattern is a popular reversal pattern used in technical analysis. It consists of three peaks: Left Shoulder: A peak, followed by a decline. Head: A higher peak, followed by another decline. Right Shoulder: A peak that is lower than the head but similar to the left shoulder, followed by a decline. Once...
Sonata Software - Double Bottom Pattern Analysis In this analysis, we identify a double bottom pattern emerging in Sonata Software's stock price, which suggests a potential bullish reversal. This pattern is characterized by two low points formed at roughly the same level, indicating strong support and a possible end to the previous downtrend. The first bottom was...
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near strong support. take long with great risk-reward ratio
you can short XRP when it goes below the triangle