If the H & S is validated but consecutive closes below the neckline on a weekly basis, then this is very bearish for the IT sector and related industries but for the broader market as well. Keep an eye on this weeks close.
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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.