Pattern: Rising Channel Breakdown
Entry: Price has broken below the rising channel, confirming a bearish structure. Retest might occur before further downside movement.
Target: Looking for price to reach the key support zone around 745.0
Confluence:
• Trendline break
• Lower highs forming
• Potential continuation towards key support
Waiting for a clean retest or strong bearish momentum confirmation before entering the trade.
Entry: Price has broken below the rising channel, confirming a bearish structure. Retest might occur before further downside movement.
Target: Looking for price to reach the key support zone around 745.0
Confluence:
• Trendline break
• Lower highs forming
• Potential continuation towards key support
Waiting for a clean retest or strong bearish momentum confirmation before entering the trade.
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.
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.