CONTRACTING TRIANGLE: If it is a continuation pattern the contracting trianlge would give a breakout and the upsides would continue holding 5340-50NS
HEAD AND SHOULDER PATTERN:
Below 5340-50 NS it would be a Head and shoulders breakdown - and a close below this level would confirm the H&S breakdown.
The SL for shorts is placed at the breakout point of the contracting trianlge 5415-5420NS.
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