A clear bearish channel formed here. Looking for this trade to hit the top of the channel which would also see it test the 618 Fib level. From there, we look to manage the remainder of the trade. Potential to create the head of a possible H&S?
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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.