We see an obvious down trend happening so that validates partially any bearish ideas. What I see forming is a bearish butterfly that appears it will break support possibly then turn bearish. As always watch for at least C leg to be reached before getting too excited. I will be watching this one closely as I see pretty large potential for profit.
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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.