The current price is around 50% of the 1959~1676 Fibonacci retracement, and 1818~1828 is the current pressure range, and it may not necessarily break through this area. The daily chart may show a high doji pattern.
Note
That is a bearish wedge in a downward channel.Note
If it rebounds to around 1800 again, You can look for opportunities to increase short orders.Note
Note
Looking at the chart in the opposite direction, you will definitely not go short at this position
Note
1W chart potential bearish AB=CD pattern
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Related publications
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.