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EDU's chart is looking pretty solid at the moment. The price action has been tracking the patterns nicely so far, and there's plenty to like here.
What's interesting is that an inverse head and shoulders formation has just taken shape on the chart. This is a classic reversal setup that traders tend to keep a close eye on.
For the upside scenario to play out, we're looking at needing a breakout above the inverse H&S resistance level and a daily close above the 200 EMA. That would be the signal confirming bullish momentum. On the flip side, if we see price breakdown below the structure's support, that invalidates the entire setup and flips the bias. So it comes down to whether buyers or sellers end up controlling the narrative here.