The Month1 chart tells us that we are at the top of a contracting triangle and also the W1 chart tells us that we have just hit the top of a bollinger band. The market is currently in a accumulation phase and building up momentum for a potential downdtrend
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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.