The points outlined in the chart suggest a bearish move and the target is approximated by extrapolating the "Support Channel". The stop is placed slightly above "Basis line".
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🚩 Disclaimer: the information created and published here is not prohibited, doesn't constitute investment advice, and isn't created solely for qualified investors
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.