The price has broken below the lower boundary of the triangle and has fallen to the middle line of the forming descending channel. A possible scenario for price movement is a retest of the lower boundary of the triangle followed by a decline towards the lower boundary of the channel.
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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.