💥 HBAR price nears breakout as inverse head and shoulders pattern forms
HBAR price is consolidating below key resistance as an inverse head and shoulders pattern develops, signaling a potential bullish breakout if the neckline resistance is cleared with volume.
HBAR ($HBAR ) price action is showing increasingly constructive behavior as the market builds a classic bullish reversal structure on the higher timeframes. After an extended corrective phase, price has stabilized and begun forming an inverse head and shoulders pattern, a formation often associated with trend reversals when confirmed
$SPX - The intraday low was at the lower band and it closed above the 100 day MA. Now it has to close above the 20 day MA again for another shot at a new ATH. On the other hand a close below the 100 day MA will probably put the market in a weekly downtrend.