I could be possibly recognizing a new bearish pattern starting to form around resistance to come and find support. So here I start with a weekly timeframe showing it previously blew past its recent resistance and it halting somewhat on its new resistance that it had around July of last year. Last week had a bearish closing bar as you go in to lower timeframes you can start to find resistance. This "Z" has been found in the 1HR timeframe, with the top and bottom lines of the Z equal in length.
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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.