As you can see, it has broken the H4 uptrend as well as a nice key psychological level. It retested that level with a double top pattern and a bearish engulfing candlestick. All indicating another impulsive move down.
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.
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.