Located on the Daily time frame, price overall is in a down trend. There is an uptrend within the downtrend. It could possibly reverse, but we are in between middle of a middle support and resistance area right now. Counter Trendline has been broken and retested for the bearish symmetrical triangle pattern price could possibly retrace a little and dive deep through middle support to the desired location. Sidenote price did bounce off of my moving support and resistance line which is the 200ema that's why I mentioned price may retrace before evacuating the premises.
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.