Just spotted a classic Head & Shoulders pattern on the chart! That’s where you see two smaller peaks (the shoulders) on either side of a bigger one (the head). Usually, this means the uptrend could be running out of steam and we might see a reversal.
What really caught my eye is the retest – after breaking below the neckline (that support line connecting the shoulders), the price is creeping back up. If it fails to get above that neckline, it’s a strong sign that sellers are stepping in.
This setup is often a bearish signal, and many traders take it as a cue to sell. But of course, nothing in trading is 100%.
So, what do you think? Is it time to sell or could this still bounce back? Let me know below!
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