As expected we have broken down from the Bearish Rising Wedge, lets see how well this plays out.
I can see a retest of the break before ultimately continuing down but honestly, it might not even do that.
Likely target is ~1700
Time will tell!
I can see a retest of the break before ultimately continuing down but honestly, it might not even do that.
Likely target is ~1700
Time will tell!
Note
The fact there was no strong retest on the Rising Wedge is a terrible sign and shows a lot of weakness. Gloomy days ahead in my opinion
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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.