After two recent tops both rejecting the 240 EMA it looks like a good time to test lows
Reasons for bias:
Double top
Rejection of 240 EMA
Bearish stochastic on daily
Downtrend
Reasons for bias:
Double top
Rejection of 240 EMA
Bearish stochastic on daily
Downtrend
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.