*Head & Shoulders Pattern: A potential head and shoulders pattern is visible, which is a bearish reversal structure
but still no any negative sign RSI moving in range between 30-70
*Safe Buying Zone: Marked around 615-620 , indicating a breakout level where price stability could confirm an upward move.
*Bullish Approach: Buy if price sustains above 615-620 with targets toward 640 and 680
*Bearish Approach: If the price breaks below 474.73 , it could confirm the head and shoulders breakdown, leading to a further drop.
but still no any negative sign RSI moving in range between 30-70
*Safe Buying Zone: Marked around 615-620 , indicating a breakout level where price stability could confirm an upward move.
*Bullish Approach: Buy if price sustains above 615-620 with targets toward 640 and 680
*Bearish Approach: If the price breaks below 474.73 , it could confirm the head and shoulders breakdown, leading to a further drop.
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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.
Disclaimer
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.