Price is forming a potential inverse head on shoulders formation at key support, along with rejecting support once again today making a right shoulder. Price should resume back up towards the neckline which aligns with the descending trend line, where we would monitor for a breakout to the upside for a potential trend reversal
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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.