Quant Price Action Above Inverse H&S Neckline : What’s Next?

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Quant's price action recently broke above the **inverse head & shoulder (H&S) neckline** on the daily timeframe, closing **four consecutive candles** above it. This suggests a potential validation of the bullish breakout. However, it's common for prices to dip back below the neckline before confirming a breakout.

The **measured move target** is marked at the top of the dotted pink line. While the probability of an immediate breakout is rising with these candle closes, a dip below the neckline remains possible.

Conclusion :

Quant's price holds above the neckline, increasing chances of a breakout. Traders should be prepared for both potential continuation or retracement.

Advice for Traders :

Stay alert for either a breakout confirmation or a dip below the neckline before making any decisive moves. Always apply risk management.