1. here the trend line has break towards down
2. in the consolidation phase there are long red candles and
short green candle is observed this is a conformation to a downtrend
3. a good support and resistance is can be observe
2. in the consolidation phase there are long red candles and
short green candle is observed this is a conformation to a downtrend
3. a good support and resistance is can be observe
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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.