Since August 11, 2023, quotes have been moving as part of the formation of an inverted “Head and Shoulders” pattern. A breakdown of the “Neck” line of the reversal pattern with quotes consolidating above the level of 68.00 USD may indicate the beginning of a pattern with a potential target for growth at the level of 74.00 USD.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.