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BIL.N is setting the stage for a potential breakout! A massive inverse head and shoulders pattern is forming, hinting at a bullish reversal. This bullish case is further strengthened by the price action trapped within a falling wedge, another bullish continuation pattern. While a bearish divergence looms on the weekly chart, it could be a spent force – fully priced in by the market. With the weight of both chart patterns leaning bullish, the divergence might lack the power to hold back a potential surge.
BIL.N is setting the stage for a potential breakout! A massive inverse head and shoulders pattern is forming, hinting at a bullish reversal. This bullish case is further strengthened by the price action trapped within a falling wedge, another bullish continuation pattern. While a bearish divergence looms on the weekly chart, it could be a spent force – fully priced in by the market. With the weight of both chart patterns leaning bullish, the divergence might lack the power to hold back a potential surge.
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