Just what it looks like to me. The smaller H&S looks a bit ugly, but if it can be used to predict a floor then that would ends up below the baseline of the larger potential H&S ... which seems like a better situation than bouncing at 7450 and completing a right shoulder. That would be "look out below."
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.