As we can see, the chart forms a head and shoulder pattern in daily time, and the neckline is also broken. If the formed correction is a pullback on the neckline, we can expect the price to fall to the specified levels
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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.