The price will form a head and shoulders pattern because the candle in the second shoulder is very strong, which indicates that it will break the neck of the pattern. We also have a stronger bounce from below, so I expect an uptrend.
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The price shaped head and shoulders as I expected yesterday Note
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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.