As you can see in Weekly, the market is in bearish trend where the support line was broken making LL, now market had a deep pull back where support became a distance by making LH. And in 240 you can see the market formed H&S at the resistance structure where the support line was broken and retest. Hence to anticipate bearish phase until double bottom is made at Weekly
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.