I see a Bearish Falling Wedge in a downtrend with the most recent 12 hour candles forming a Falling Three Method Pattern (Blue Circle). Anything can happen but I wouldn't be surprised to see this break down and out of the Falling Wedge, retest former support and flip it to resistance and then break down to the bottom of this macro channel indicated by the red circle.
https://www.tradingview.com/x/8G3i62Sn/
https://www.tradingview.com/x/8G3i62Sn/
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.
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.