The daily chart shows two "head and shoulders" patterns.
They both tell different stories because they point in opposite directions.
The larger one (inverted) is bullish, while the smaller one, which is also slightly hidden, is bearish.
Whatever the case, the price is getting squeezed into a smaller space, so the breakout will be powerful.
Resistance: 10.165, 11.095, 12.57
Support: 9.41, 8.675
They both tell different stories because they point in opposite directions.
The larger one (inverted) is bullish, while the smaller one, which is also slightly hidden, is bearish.
Whatever the case, the price is getting squeezed into a smaller space, so the breakout will be powerful.
Resistance: 10.165, 11.095, 12.57
Support: 9.41, 8.675
