A head and shoulder pattern forming at a resistance level is a sign that bearish prices are in the near future. Furthermore the pattern has broken out and we’ve had a confirmation.
Price action will guide us on ideal points to join the potential bear market preferably on a lower timeframe.
Disclaimer: This analysis is for educational and general information only and not advice or a recommendation to trade or invest. Do your own research/analysis and don’t blindly enter trades based on the analysis.