1. D leg reached at quite a strong resistance level. 2. Prices reached 200MA level which generally acts as dynamic support / resistance. 3. Completion also matches with bigger downtrend 50% retraceement level. 4. RSI currently oversold which gives a further signal to sell.
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.