As we can see on this hurly chart price fell out of this rising wedge (bearish formation) and has now printed new lower lows, waiting to see how price responds to this highlighted level as there is a few confluences here (50EMA, 38.2 Fib level and previous low)
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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.