After breaking the triangle, a fast downmove appeared. This move stopped not far below the EMA200. From this level on, we see a consolidating move between 7.750 and the EMA200. Breaking 7.750 (The MoB!) should cause the next impulsive and dynamic shortterm downmove. The chart brightens above the EMA200...
Note
RSI is signalizing a possible shortterm countermove....the chart only brightens with prices > former flag`s bottom wich turned into a strong shortterm resistanceNote
unchanged view as long as we trade below the EMA200Note
Such a move would fit very good to such a trendbreakRelated publications
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Related publications
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.