A couple major things for this chart. 1. The Head and shoulders
pattern signifying a break of the support line that has been tested multiple times recently. 2. The declining volume
with price rising = bearish
. 3. The 26 Week EMA
being tested for the 3rd time. As well as a gap that needs to be filled (on the daily chart
, we're looking at the weekly) at around $118-126. I would expect a pullback to the .618 Fib zone. And would be looking for potential long entries there.
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