As on the daily TF, the overall trend indicates downwards. The setup comes with few confluences in my eyes, 1. Trnedline BO strong and Retest the trendline back with showing momentum of price in the short direction. 2. EMA-21, 50 crossover ensures 3. A head and shoulder pattern formed.
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.