Bear flag similar to 01/15/18. If we fail to break 50 EMA again, this will likely break to the downside. Short term target is 8200 - 7975. This is projected target from descending triangle on 1h chart. Also we face bottom of longterm uptrend channel there. We could expect a bounce here. If this level does not hold too, we will retest 6k.
Target: 5900 - 6300
Target: 5900 - 6300
Trade active
bear flag breakout
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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.