A classic Head and Shoulders pattern spotted on the Hourly time frame. I am taking this short trade based on the pattern also looking at how the market is respecting the 50EMA as a form of resistance and also pointing out a change in direction to a bearish market. Lets see how it plays out
Note
Lol, that was quick...
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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.