MCB Head & Shoulders forming — Daily chart signal

MCB has completed a head & shoulders on the daily chart with the head at 452.00 and the neckline at 347.19.

The pattern is confirmed by a daily close below 345.96. The measured move from the neckline points to 239.55 (-31.0%). A close beyond the head at 452.00 cancels it. Still active - first identified on 14 May 2026.

Structure: bullish external, bullish internal (strong low 247.37). Nearest demand OB 278.00 - 283.50.