A possible Descending Triangle is being built on the daily timeframe with prices making its touches multiple times with lower and upper line.
That being said, the descending triangle scenerio is reliable.
A major support around 13.5 - 14 will be a target if price breaks down through this triangle on the downside.
That being said, the descending triangle scenerio is reliable.
A major support around 13.5 - 14 will be a target if price breaks down through this triangle on the downside.
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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.