Series of lower or equal highs and lower lows have started forming, indicating a bearish trend. Furthermore, bearish candlestick patterns are frequently forming, including bearish engulfing, hammer and inside bar, which is indicating that sellers have strength and further downtrend is possible. Stop loss is just above the recent lower highs. Risk reward ratio is 2 ; 1
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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.