Price tested flip horizontal resistance + 0.5 fibonacci retracement level + downtrend resistance. The market is printing the head and shoulder trend reversal pattern. RSI is also printing a Bearish divergence signal. A breakout below the neckline of the H&S pattern could lead to further dip.
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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.