Last week we spotted a major rising parallel channel on weekly. As you remember, a bearish move was expected after a touch of its resistance.
This morning we see multiple bearish clues on intraday time frames.
On 4H the price formed a head and shoulders pattern; broke and closed below a rising trend line and violated a horizontal neckline to the downside as well.
Now I expect a bearish continuation.
Goals: 123.55 122.8
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