Short
Huge Bear Flag - Risk of major sell-off
There's a risk of a major sell-off, all the way to $1,000 - 1,400 due a large Bear Flag on the 1D chart (green).
With the rejection on the 200 EMA + Bear Flag, all I see is a bearish continuation pattern.
With the rejection on the 200 EMA + Bear Flag, all I see is a bearish continuation pattern.
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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.