The chart is characterised by a bearish engulfing candlestick, this provides the impression that we should expect a pullback to break block from this minor distribution phase. The pullback will potentially trigger more buy order below in order to abruptly go bullish to create highs and complete the emerging daily head and shoulders pattern…
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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.