After breaching long term trend line with EMA cross over on daily and weekly chart, we are now in bearish trend............currently there is retracement which is losing momentum on both daily and weekly chart. Retracement is EXACTLY at 0.618 fib which also corresponds to the weekly resistance. With right price action and retracement reaching its end, it will be good opportunity for SWING BEARISH
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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.