The chart is pretty much self explanatory. I think the correction has come to its terminus and I expect a decline from here. 50% Fibonacci retracement and strong resistances put weight behind my views.
If I go short, I shall do so upon break of orange trendline.
Further validation coming from RSI and MACD divergence.
What do you think?
If I go short, I shall do so upon break of orange trendline.
Further validation coming from RSI and MACD divergence.
What do you think?
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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.