I don't think this downward move is leading to a bear market but more a chance for a quick recovery to the highs, these highs creating a trend line
The recovery could present itself in the form of an inverted H&S which I have tried to show with the bars pattern tool on this Weekly timeframe.
Reversal.
The recovery could present itself in the form of an inverted H&S which I have tried to show with the bars pattern tool on this Weekly timeframe.
Reversal.
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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.