There is a Head and Shoulder pattern developing. The neckline of the HnS has a higher high. In addition, this chart pattern is happening on the weekly support level. There is also a trend line breakout. Finally, price has made a retracement. All these factors give bullish biases. Expect price to go long.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.