1D chart head and shoulders pattern.
I don’t think it’s a real rise. For this round of rise, I think it’s a backtest of the bottom of the head and shoulders pattern.
Therefore, the probability of AB=CD pattern appearing in the future is very high.
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Note
If you look at the picture in reverse, in which direction do you think the current trend is heading?
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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.