We have a possible HS pattern and a resistance trendline from the previous high that could keep price falling in spite of the recent recovery.
Unless we close above previous peak and above the resistance trendline I would consider same bearish scenario.
A gentle reminder: we are still trading inside an ascending channel though!
Unless we close above previous peak and above the resistance trendline I would consider same bearish scenario.
A gentle reminder: we are still trading inside an ascending channel though!
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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.