We are now in our third, lower, rising channel, a bearish signal. Combined with a fully formed head and shoulders, a downwards breakdown can be reasonably expected. All thats missing now is a high volume spike, most likely to the downside
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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.