Appears to be forming a H&S pattern which signals a trend reversal; the depth of the head drop often indicates the gain in the opposite direction. Is still in the process of completing the Head pattern. Time will tell if the moving averages align to build the right shoulder.
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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.