The ugly top has been forming for quite some time.
Also called a complicated head and shoulders as there are more than 2 shoulders.
Short entry would be a break of the neckline which is strong support, with a confirmed downtrend.
Also looks like a Bearish Cypher and the 4th leg may have finished at the .786.
Valley 2 (V2) is lower than V1.
No recommendation.
Neutral until neckline is broken.
Also called a complicated head and shoulders as there are more than 2 shoulders.
Short entry would be a break of the neckline which is strong support, with a confirmed downtrend.
Also looks like a Bearish Cypher and the 4th leg may have finished at the .786.
Valley 2 (V2) is lower than V1.
No recommendation.
Neutral until neckline is broken.