Price has pulled back from the neckline support today as anticipated to retest the resistance zone, where the right shoulder of the head on shoulders formation has been formed. I am watching this upcoming week for price to decline from the resistance zone, back into the structure support region (neckline). Once a breakout of the neckline is made, we can anticipate for price to complete the bearish reversal pattern.
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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.