A shark pattern has formed on the daily and a head and shoulders pattern. These 2 patterns signal a strong reversal and a trend change. Price is currently trying to break support which is at the 23.6 fibo and also the head and shoulders neckline. Should price break support as we are expecting price should go down to the TPs illustrated respectfully.
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TP 1 HIT
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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.