Prices are approaching our resistance level in line with our descending trend line, 61.8% fibonacci retracement and 61.8% fibonacci extension where we could see a reversal below this level. 50 EMA is showing signs of bearish pressure as well, in line with our bearish bias.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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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.