Possible short off $630 to $605. Bearish continuation.
Strong pull back from 650 to 615, followed by a flag. Shaping out to be a possible bear flag. Watching 630 for resistance and a reversal of the last bull run up.
Note
Bearish momentum is picking up. Be careful not to try and pick the bottom for the reversal on this; hit the target and watch for a pattern to reverse on a long. It could wash even below the target area.
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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.