There are two reasons why I believe, the price will go down. Firstly, 2nd quarter of the US economy was strong. Also, according to the client sentiment, 31% of retail trader is short and the rest is long, a bearish contrarian indicator. But we should wait for a FOMC Rate Decision.
Note
The triangle broke out upside.
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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.