A bearish H&S pattern confirmation will form after this day closes. The probable target is to hit the top of the right shoulder first before dropping to the 77k area. Just my insight—I can't stop seeing this pattern.
They are probably targeting a drop in the market to buy at a lower price before the higher-ups change—a year or half a year before new leaders take over.
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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.
