We are observing the formation of a Head and Shoulders pattern, which is nearing its completion and suggests an impending bullish trend in the short term. This technical formation typically indicates a reversal, and given the current market conditions, we are setting an expected target of 91,000. However, it’s important to remain cautious and vigilant due to the potential for volatility in the market during this period.
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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.