Some good chance that this is a false break. Waiting for market to trade back into the descending channel. It then should target the resistance trend line.
Note
Not aging too well but may still be valid if we are looking at a 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.