💥 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
September #PCE inflation, the Fed's preferred inflation measure, rises to 2.8%, in-line with expectations of 2.8%.
Core PCE inflation fell to 2.8%, below expectations of 2.9%.
Headline PCE inflation is at its highest since October 2023.
Yet, the Fed will keep cutting rates
#DecemberRateCutForecast
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