The market is struggling to move above the ressistance.
It is creating a head and shoulders pattern.
If it breaks the trendline the market can retest the level at 75,500.
False break of the 76,800 level shows that the market is not ready yet to move higher.
It is creating a head and shoulders pattern.
If it breaks the trendline the market can retest the level at 75,500.
False break of the 76,800 level shows that the market is not ready yet to move higher.
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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.