Price had previous formed a triangle which it broke heavily to the dowbside. Broke 2 trend lines and looks as though it is currently retesting the lower trend line.
Will be looking for entry if there are rejections around the most recent ellipse on chart.
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.
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.