The market is testing the flip resistance of the descending triangle + 0.5 fibonacci retracement level. The head and shoulder trend reversal pattern is being formed. Breakout below the neck line could bring about a dip.
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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.