ausjonny
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chartpattern
headandshoulders
supplyanddemand
supportandresistance
trendanalysis
trendline
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4HR: The price broke down from a double parallel channel, forming a lower low, which confirms a bearish bias. It then pulled back to retest the broken channel and resistance, where a long-wick candle rejection occurred. This rejection also aligned with multiple previous Points of Control (POC), adding confluence. Afterward, a shift from bullish to bearish was...
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1) 4 HR => Left shoulder < Right shoulder => Bullish 2) 4 HR => 2 hanging man shows upwards buying pressures at minor support => Bullish 3) inverse head and shoulders => Bullish reversal pattern 4) waiting for a break of a right shoulder in 15 minutes time frame :)
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