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![GDXTrader Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::175792847.png) $Trader [@GDXTrader](/creator/twitter/GDXTrader) on x 11.4K followers
Created: 2025-07-03 14:42:53 UTC

$NEM

$NEM is on the verge of breaking out of its inverse head and shoulders pattern, a bullish reversal structure that signals a potential shift from downtrend to uptrend on the higher timeframe. 

So far this week, the stock is up over 5%, with a bullish engulfing candle forming right at the neckline resistance—a strong indication that buyers are gaining control and challenging the final barrier to confirm the pattern. 

Psychologically, this reflects growing bullish conviction, with traders stepping in aggressively at a key level. If the breakout confirms with a close above the neckline and follow-through, it could trigger a momentum move to the upside, placing $NEM firmly on breakout watch heading into the next sessions.

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![](https://pbs.twimg.com/media/Gu8LnuJW8AAnNi8.png)

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![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1940783309081964749/c:line.svg)

**Related Topics**
[head and shoulders](/topic/head-and-shoulders)
[nem](/topic/nem)
[trader](/topic/trader)
[candle](/topic/candle)
[signals](/topic/signals)
[$nem](/topic/$nem)
[$trader](/topic/$trader)
[newmont corporation](/topic/newmont-corporation)

[Post Link](https://x.com/GDXTrader/status/1940783309081964749)