could be a possible head and shoulder if it continues to drop and does lower low then could confirm the pattern. Or Could close above the head and continue upwards because on the daily chart it shows its at a support level.
Nota
Perfect head and shoulder confirmed for the market to go down and it did.
Simplicity in trading , shows that you don't need Indicators to know how to trade, you can just trade off price action and major market patterns.
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