It is possible to form the "Head and shoulders" model.
Note
Two opposite scenarios at least require a good profit factor. :)
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The upward movement makes the scenario of possible continuation of the uptrend actual.
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Related publications
Disclaimer
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.