As the long term bearish trend appears to continue, it seems a short term head and shoulders pattern is forming. The right shoulder seems weak, leading to an especially bearish outlook. Using the measured move estimate, the next bottom would like in the critical 6K region
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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.