Wait for confirmation before going long. The price needs to 1st bounce and 2nd pierce the downtrend.
Could also be a bear flag. If it breaks the support, wait for the bounce and go short.
Could also be a bear flag. If it breaks the support, wait for the bounce and go short.
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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.