Price is at an area of resistance. The current Bias is Bearish. There has been a weekly divergence on the RSI, which is another confluence to support this Bias.

snapshot

On the daily timeframe a head and shoulders pattern has formed and last week the right shoulder has finally broken through support. Breakout traders are long here.

For a more secure entry, pullback traders and continuation traders can wait, but there is the chance that a pullback does not occur and it continues to the next area of support.

snapshot

Take Note of TP1, TP2, and TP3. These are all daily zones and need to be treated as zones or areas.

The above is only an idea of what could possibly continue to happen. Stay safe and always use proper risk management.
Chart PatternsHead and ShouldersTechnical Indicators

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