Possible Bear flag
Considering the prevailing channel, a possible short rally is imminent, which will be followed by an additional decline in price. Scalpers can enter three cents above today high for few days of rally and exit at any sign of a pullback.
A short would be appropriate at the top of the bear flag for one more leg down.
A short would be appropriate at the top of the bear flag for one more leg down.
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.