On the daily chart, we can see that the price bounced from the support area 80.35-81.2
A well-noticed head & shoulders reversal pattern is shaped. The price’s at the second shoulder waiting for a break of the lower trend line as shown
Followed by oversold on RSI, the price is expected to get back up again to the resistance area 84-84.35
A well-noticed head & shoulders reversal pattern is shaped. The price’s at the second shoulder waiting for a break of the lower trend line as shown
Followed by oversold on RSI, the price is expected to get back up again to the resistance area 84-84.35
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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.