The counter formed a head and shoulder pattern and plunged initially.
However, it recovered to the neckline and formed a wedge pattern.
The resistance at the neckline proves that the downtrend is not over yet.
Also, the pair has made a bearish breakout out of the wedge.
Hence, we expect the pair to be bearish in the short-term.
However, it recovered to the neckline and formed a wedge pattern.
The resistance at the neckline proves that the downtrend is not over yet.
Also, the pair has made a bearish breakout out of the wedge.
Hence, we expect the pair to be bearish in the short-term.