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šµ CVX/USDTĀ
š Market Structure
Ā ā¢Clear Inverse Head & Shoulders pattern formed.
Ā ā¢ Left Shoulder ā Head ā Right Shoulder completed.
Ā ā¢ Price is now testing the neckline resistance (~2.03 area).
Ā ā¢ Momentum building toward breakout.
This is typically a bullish reversal pattern.
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šÆ Trade Plan (Long ā After Breakout)
Ā ā¢ Entry: After confirmed breakout above neckline (~2.03)
Ā ā¢ Stop Loss (SL): 1.90 area
Ā ā¢ TP1 (1:1.5 RR): 2.24
Ā ā¢ TP2 (1:2 RR): 2.32
Ā ā¢ Extended Target (1:1 structure projection): 2.53
š§ Strategy Logic
Ā ā¢ Wait for a strong 1H candle close above neckline.
Ā ā¢ Breakout + volume confirmation = higher probability.
Ā ā¢ Pattern target projects toward 2.5 region.
ā No breakout confirmation = no entry.