Price is moving within an expanding channel patttern on the higher timeframe, & is approaching the lower boundry trendline which aligns with a key area of support structure. The zone below is where I will be watching for either price to continue back to the upside, or if a breakout of the pattern occurs to the downside, we can look for a trend reversal & for price to continue lower.
Note
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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.