There is a divergence within the PVG area. Following a Change of Character (CoCH) in the previous H4 time frame, and with the MA50 positioned below the MA200, this indicates an ongoing downtrend correction. Consequently, I have decided to take a short 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.