A chart pattern called V-Top is formed. They are very tricky to trade due to violent price movement. The 50, 20 & 9 EMAs are close and either the market is going a down trend or coming into consolidation. ***This is not an investment advice***
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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.