After a steep fall, the counter consolidated in a narrow range in the form of a descending triangle pattern.
The pattern by itself indicates a bearish bias, and it was validated by a bearish breakout as well.
Hence, we expect the counter to move further low from here.
The pattern by itself indicates a bearish bias, and it was validated by a bearish breakout as well.
Hence, we expect the counter to move further low from here.
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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.