Head and Shoulders complete followed by what may be a double top. The price has started to drift down towards the bottom of the Bollinger bands. MACD hasn't yet crossed, nor the long/short EMA, but the former looks primed to do so.
Support possible at 10390, 9370 or 8800.
Support possible at 10390, 9370 or 8800.
Note
The price has formed into a bull pennant after the H&S. Looking for a break out of the pennant to a new trend.
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Endless learning
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.