the market has formed an ABC(zigzag) correction on the daily timeframe leaving a big wick rejection to the previous resistance level. however we have to wait for more bearish confirmations in form of low breaks and pullbacks to the down side.
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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.