On the weekly Timeframe, price seems to have formed an inverted head and shoulder pattern currently, price is headed up to the neckline to form the right shoulder but if violates the formation of the right shoulder, will target the previous low which is (the head) to act as our support zone/area.
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.