Potential H&S pattern. Divergence may formulate on the 15/30min time frame for entry around 160.5 QP. TP: 161.0, 161.5 & 163.0 for long term hold. Failure of reversal at 160.5. We have 160.0 & 159.5 are other potential targets. Be aware of false breakouts to the downside as well. Timeframe correlation is key.
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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.