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What do we have here? In the first, four months of failed attempts to break through the EMA 200 line. I think now there are few who will buy in the hope that chart rise above. Also, we have a confirmed pattern of "head and shoulders". But most importantly, confirmed break MA 200 line, which will now serve as the closest stop.
I think all is over a certain similarity of a double bottom .Then it will be possible to open a long position.

I can see how one could see a H/S here, but I think its too flat and broad to be one. I like how your lines break down the price movement though, you may want to watch out around 16.50 - 17.00 area, Im showing some fibs support there with previous price action having bounced up the last 2 or 3 times candles moved into that price range
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