Price violated previous support (bearish structure break) but moved back above it. Now price has been moving sideways and is potentially forming bearish Gartley pattern.
D point is at support/resistance level that has been tested several times earlier (red arrows). This gives some extra certainty to sell at this level.
D point is at support/resistance level that has been tested several times earlier (red arrows). This gives some extra certainty to sell at this level.
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Related publications
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.