Lots of confluence in this area, downtrend resistance line, horizontal resistance line, and if we confirm a local top here we will have bearish divergence. This analysis is on a daily time frame so be patient and WAIT for confirmation. If price breaks and closes above the upper box and diagonal a change of trend is likely.
Happy Trading
-Nick
Happy Trading
-Nick
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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.