The H4 chart also shows that price is setting up for bearishness after price broke through the bullish channel to the downside and printing a lower low and a lower high. The trendline is currently acting as resistance for price and a possible sell opportunity for bears.
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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.