After the price reached the 3249 level, a candlestick with a long lower shadow followed by a strong bullish candlestick was observed. The price has now returned to the descending channel. The lower timeframe shows a bullish trend, but shorting opportunities may appear around the 3295 level.
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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.