Reasons on the chart!
Sell pressure is very high.
We also expect a breaish movement, which breaks both trend line and triangle, probably after a rejection on top of the rectangulare pattern. Obviously we waite for more clues to come before go short.
Long positions now need stops more than before.
Sell pressure is very high.
We also expect a breaish movement, which breaks both trend line and triangle, probably after a rejection on top of the rectangulare pattern. Obviously we waite for more clues to come before go short.
Long positions now need stops more than before.
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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.