a potential head and shoulders pattern. wait for price to break the neckline. A projected target is the hight of the head, stop should go above right shoulder.
I THINK 62.61 IS A GOOD SL,DUE TO THE INVENTORY SPIKE...
Alexander_Nikitin
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@startrader143, I think, if it spikes the right shoulder than the bear pattern becomes invalidated. This in its turn shifts the market bias from bearish to bullish. Retest of the highs is possible soon.