The power of patterns

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I've entered short on this based on my earnings setup, however upon determining a price target I have observed a powerful H&S formation which may not often be clear in most charts (e.g. forex).

Here the H&S is in full motion so looking at areas of potential support I have the 800 SMA or the 38.2%/23.6% Fib levels for a retracement in this instrument.

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