A near term Head&Shoulder reversal pattern has been completed with today’s rally above 402. Prices should rally towards the pattern projection at 475 over the coming days and weeks. On the longer term, a large double bottom seems to pan out. For this pattern to become valid, prices need to clear ~625.
Trade closed: target reached
Trade closed: target reached
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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.