Potential upward movement, because the inverse head and shoulders pattern. I see two trends on daily time frame. The longer trend is bearish, and the shorter trend is bullish. I have draw the two necklines, because I m not sure which one is trust worthy. I created this chart to learn more about the head and shoulders bottom pattern, specially the neckline of it. I think if we attain large buying volume, this pattern may be completed. This is just an experiment.
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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.