We are currently on a strong downtrend and the trendlines have been tested severally to show we are in a long term bearish market. A W-pattern is likely to be formed. So our target is either the trendline or resistance or both.
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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.