as i said before this can either be a...
inverse H&S with multibple shoulders or
these last two can be a double top
or it can even be a bulish flag. ill post another chart showing that.
the most important indicator of these patterns wuld be for it to close above the Suppport its at now. ill post a more detailed analysis when i have tim to actually analyze but as of now, the mos important thing is where it closes compare to that red support. its ok if it breaks below that it wont be bearish yet because it might break below for a short time and close above it. the close is very important. will the bulls come out? its still neutral as of now in my opinion.
these last two can be a double top
or it can even be a bulish flag. ill post another chart showing that.
the most important indicator of these patterns wuld be for it to close above the Suppport its at now. ill post a more detailed analysis when i have tim to actually analyze but as of now, the mos important thing is where it closes compare to that red support. its ok if it breaks below that it wont be bearish yet because it might break below for a short time and close above it. the close is very important. will the bulls come out? its still neutral as of now in my opinion.
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