Potential bear flag on hourly chart
- If the bulls do not make any attempt to move price closer to the 28.50 area, then the bears will have an upper hand to break down multiple supports @ 1,2,3 & 4.
- In case of a bearish scenario, a reasonable target should be within the rising window territory.
- If the bulls do not make any attempt to move price closer to the 28.50 area, then the bears will have an upper hand to break down multiple supports @ 1,2,3 & 4.
- In case of a bearish scenario, a reasonable target should be within the rising window territory.
Trade active
The bears are loading up for another breakdown which is more brutal and stronger in my opinion.
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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.