On the 1hr chart, I interpret a bearish Pennant that is getting close to testing its support line.
At this point on the cycle movement the next push down could be the one that breaks the support level.
At this point on the cycle movement the next push down could be the one that breaks the support level.
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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.