price has been hovering in a a range for sometime before the last high made was on june 11th when ti touched 2879 and a low was made on june 22nd when it was 2115 since then price has moved up but has made a lower high of 2637 on 3rd july and now is trading around 2550 giving a classic bear flag appearance to the structure if the price breaks down below 2480 then we may see a max down move towards 1900-1800 consolidation in this range can happen and the price will start its upward trajectory as shown in the chart towards 3000-4000 range
Note
this pattern becomes invalid if the price moves above 2680-2700 and sustains there
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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.