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Head and Shoulders Pattern – Technical Chart Analysis
Head & Shoulders Formation: Classic reversal pattern with a left shoulder, head (highest peak), and right shoulder.
Neckline: Support/resistance level connecting the lows after the left shoulder and head; a break below confirms reversal.
Distribution Phase: Indicates selling pressure after an uptrend, often with rising volume on the head and declining on the right shoulder.
Breakout Signal: Price closing below the neckline confirms a bearish reversal, typically targeting a drop equal to the pattern’s height.
Volume Context: Volume tends to be highest at the head, lower on the right shoulder, and spikes on the breakdown.
NRED WWII copper demand was about building the war machine. Today copper demand is about building the AI, defense and electrification machine. #JIMINxDIOR#AMIPARIS#PMSLive $NOK $KVUE $NVTS
Israel and Iran have engaged in reciprocal missile strikes near the Strait of Hormuz — North American copper ground doesn't reprice with that tape. NRED holding 70% of Wilmac reads constructive against that backdrop.
$CPAU $FIL $OTMC #copper#JuniorMining