As I told after breakout S.h - support horizontal I get bearish side. We see the standart TA pattern of continuation of down trend. Price consolidated in bearish wedge and started work from 61.8 Fibo lvl. retracement, brokeout wedge support by strong impulse. Waiting for continuation of descending movement. Targets - 5850 - 5200. Dont forget about SL!
Note
Strong bearish market
Note
Rising volume on next descending wave shows Bearish trend.
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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.