It hits the bottom of the trandline in the day timeframe. It could possibly go down deeper in this strong bearish trend. However, if the market leaves a doji or a long wick, it would be the reverse for a long period.
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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.