Market is like a slide now... just going down. It has also created a lot of lower highs, which is also suggesting a continuing downtrend. If market rallies up, there might be a potential Bat pattern completing and having a sell opportunity. RSI is showing some bearish divergence, so there's some extra confirmation for a short. In this case, the Bat pattern can be use as a trend continuation trade.
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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.