The market is too weak to create a H&S structure, for now it will need some call back to test two different support, after that, it will move up again, in path 1, it will finish the big re-bounce wave. And for path 2, it will create Adam and Eve bottom, for that, i think it will start another big wave to move up.
Note
If $7700 not hold, $6000 support will be tested.
Note
Support tested, also the Stoch-RSI has reached over sold zone with 2 times on 1-Day chart, lets' see if it can form a Eve bottom.
Note
Nice weekend, and see you next month.
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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.