I drew two possibilities from this point. The best case would be for the trend to respect the orange support and try to move upwards from there.
The worst case (which is supported by the bearish MACD trend) takes us to a few days of stagnation until a new triangle (similar to the previous one) is completed.
Be mindful of this and plan some safety shorts.
The worst case (which is supported by the bearish MACD trend) takes us to a few days of stagnation until a new triangle (similar to the previous one) is completed.
Be mindful of this and plan some safety shorts.
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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.