It is currently in a temporary flag and will continue back down. It may break out of the channel in the 1st stop but higher chance is that it will break out at the 2nd stop at 12.7662
Note
I drew the trend line slightly wrong. The market is making its way down now
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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.