On the long term chart we have had two prior reactions at this price level which represents strong resistance.
In the short term we have broken down out of a triangle consolidation pattern which offers a good risk reward entry point for a bearish position
In the short term we have broken down out of a triangle consolidation pattern which offers a good risk reward entry point for a bearish position
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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.