The price is about to complete the bearish head and shoulders extended move. It will confirm that after it has closed with a bullish reversal candle pattern that will probably bounce off the Mini Weekly Neckline. The reversal candle pattern may lead to a bullish reversal pattern formation that will start an uptrend probably after its price has bullish broke and retested the 2nd Monthly Key Lvl and 8 MA. If the price bounces off those key levels with a bearish reversal pattern (or candle pattern) after forming the bullish reversal patter, we further drop may to the Monthly H&S Neckline may occur.
That's it for today. I hope you found value in this article. If you have a different concept in mind, feel free to share it in the comments section (below), I'd love to know your thoughts!
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