Few reasons:
Possible ABCD.
Possible third trendily touch.
Monthly and Weekly trendily broken.
Weekly 50EMA touch.
Weekly 50EMA crossing 200EMA
Weekly and Daily Lower Highs, Lower Lows
Potentiel Risk Reward
Awaiting further price action and confluences
Possible ABCD.
Possible third trendily touch.
Monthly and Weekly trendily broken.
Weekly 50EMA touch.
Weekly 50EMA crossing 200EMA
Weekly and Daily Lower Highs, Lower Lows
Potentiel Risk Reward
Awaiting further price action and confluences
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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.