Watch Out For Breakout
Formation of a reverse head and shoulders pattern suggests a potential trend reversal.
Close break expected from a six-year resistance trend line.
Successful breakout above the trend line indicates strong bullish momentum.
Key resistance levels:
1st Resistance: 31.5 to 33.5
2nd Resistance: 42 to 44
3rd Resistance: 55.5 to 57
View remains valid as long as the breakout from the trend line resistance is achieved.
Caution advised if the security fails to break out, requiring ongoing monitoring of chart dynamics.
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