BEN has formed a H&S pattern on the monthly chart. I believe
BEN will drop down to its 2000-2009 trend line. Financials are being hit hard, and many have been calling for a recession or at least a slow down over the next couple of year. The fall to the trend fits into the larger picture of global slowdown within the next few years.
Note
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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.