Market has broken previous structure high and has now taken a retracement. If if gets a bit lower, a bull Cypher pattern will complete and there might be a long opportunity. Plus, the Cypher completes at previous structure, and RSI is showing massive oversold condition. This can also be seen 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.