The previous H&S pattern shown on the chart failed and ended in a bullish move. There is another H&S forming on the daily chart.
- We have to conquer very strong support to complete the bearish move of the newly formed H&S.
- If the H&S pattern fails, at first we have to battle the red EMA50 and then the blue weekly downtrend line to complete the bullish move.
Either way, this is too soon to judge and we have to wait for a few days.
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- We have to conquer very strong support to complete the bearish move of the newly formed H&S.
- If the H&S pattern fails, at first we have to battle the red EMA50 and then the blue weekly downtrend line to complete the bullish move.
Either way, this is too soon to judge and we have to wait for a few days.
Please hit LIKE if you agree with this idea.