After the formation of a bearish divergence and seeing price break and close below the 200EMA, we expect to see price to continue to fall and meet the trend line where it runs into the .618 fib ratio where we can then take a long position.
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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.