It also looks like it is forming a had and shoulder pattern. It might be the end of this down trend movement. It is also getting pressed between the EMA20 and the support line...
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It also looks like it is forming a had and shoulder pattern. It might be the end of this down trend movement. It is also getting pressed between the EMA20 and the support line...
Good insight! I didn't notice it before but I do see the inverted head and shoulders forming. If it breaks the neck line then we could see a test back at the downward trend line.