Starting off from the 4hr: Price continues to trade below the 200ema, making a double top.
Zooming in on the 1hr: possible scenario could be a) pullback to the breakout level, followed by bearish price action and enter short, or b) a breakout out of the consolidation area, with a possible retest and continue lower.
Zooming in on the 1hr: possible scenario could be a) pullback to the breakout level, followed by bearish price action and enter short, or b) a breakout out of the consolidation area, with a possible retest and continue lower.
Note
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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.
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.