A Head and Shoulders pattern has formed on the 4-hour timeframe, suggesting a potential bearish reversal. The key neckline zone lies between 142.400 and 142.000
.
A confirmed break below this neckline, followed by a clean retest, would present a high-probability short opportunity. This pattern indicates a possible shift in momentum, with sellers beginning to gain control of the market.
A confirmed break below this neckline, followed by a clean retest, would present a high-probability short opportunity. This pattern indicates a possible shift in momentum, with sellers beginning to gain control of the market.
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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.