Downtrend
Daily chart - a nice head and shoulders pattern, broken neckline.
Some weakness before the test of the neckline. Watch for price action against Bollinger bands and the neckline.
Monthly chart - the structure is a nice abc corrective pattern.
Trade safe
Some weakness before the test of the neckline. Watch for price action against Bollinger bands and the neckline.
Monthly chart - the structure is a nice abc corrective pattern.
Trade safe
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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.