1) Broken support
2) Expecting retracement to 38.2 fib level
3) Confluence is also the short term trend line
4) Retest of resistance
5) Price below 200 SMA therefore bearish
2) Expecting retracement to 38.2 fib level
3) Confluence is also the short term trend line
4) Retest of resistance
5) Price below 200 SMA therefore bearish
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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.
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.