💥 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
Consumer Price Index (CPI) is at its lowest level in 8 months.
Core CPI is close to its lowest level in 5 years.
The job market has already collapsed.
The number of bankruptcies is rising.
Credit card delinquency rates are increasing.
The real estate market is in trouble.
However, Powell still behaves as if the economy is stronger than ever, and his only concern is inflation.
Powell made a terrible mistake by continuing to extend quantitative easing policies in 2021, which destroyed the market in 2022.
He has made a similar mistake again by maintaining a hawkish stance for too long.