*NOT FINANCIAL ADVICE: DYOR - This idea is IMO for personal use only*
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We had a flag formation from 11 March that has just been broken out. As expected, there was a slight retrace and at that point I recently entered into this one (yellow X as indicated).
The support and resistance lines are from the monthly channel that dates back to...
Looks like the bearish trend will continue going down, although strong regions of support but equally strong area of resistance pinning it down.
A good entry is key around the .618 fib mark...