After a rally and reaching a major resistance level as shown in the 4H chart, we have an engulfing candle forming at the resistance on the 1H intraday
Note
Market resistance held, and the bears have solidifed their position
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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.