The market is in a discending channel and couldnt break the historical high of 2015-2017. Now it just reached the discending trendline and is near the 0.618 fib retracement level.
If the envoirment will give us a bearish signal we can look for a possible short till the lower resistance of the market.
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.