Hi guys! I'm here more one time to demonstrate what is possibly a downtrend with a bear flag formation. We can see at the 20 EMA blue line still in a descending trend between the top and bottom bear flag. The 50 EMA is following the downtrend and it's possible that keeps falling until the next resistance line close to 575 yellow line.
Remember that is not a financial adviser, just a trader trying hard to understand technical analysis. :D
Trade closed: target reached
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So the first support line was broken, following the downtrend we can spect to hit the second target close to $485.