• Trend:
The chart shows recent bullish and bearish price movements. After a rally (sharp green candle), the price reversed and formed a bearish move, which is highlighted by the blue downward arrow.
• Pattern:
There’s a bearish correction after a parabolic move up. The chart marks a target zone with a rectangle around the 77,176 - 77,914 area, where price is expected to find support.
• Target Hit:
The label “Target 🎯 win 🏆” indicates that the price successfully reached the forecasted bearish target zone after breaking down. This suggests a successful trade or analysis based on this setup.
The chart shows recent bullish and bearish price movements. After a rally (sharp green candle), the price reversed and formed a bearish move, which is highlighted by the blue downward arrow.
• Pattern:
There’s a bearish correction after a parabolic move up. The chart marks a target zone with a rectangle around the 77,176 - 77,914 area, where price is expected to find support.
• Target Hit:
The label “Target 🎯 win 🏆” indicates that the price successfully reached the forecasted bearish target zone after breaking down. This suggests a successful trade or analysis based on this setup.
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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.
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.