We see what appears to be head and shoulders pattern. If break above neckline happens, a long position can be made with a target +9.
Note
The price just hit the neckline of the Head and shoulder pattern and got rejected. That is a signal of weakness and the price is likely to go further down
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.