The counter has topped out in the near term.
After a short correction, it formed a descending triangle pattern and made a bearish breakout.
Hence, it indicates further correction is possible in the counter and so we expect it to be bearish in the near-term.
After a short correction, it formed a descending triangle pattern and made a bearish breakout.
Hence, it indicates further correction is possible in the counter and so we expect it to be bearish in the near-term.
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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.