The channel on the higher timeframe has been broken, so we have a pullback which confirms the bearish bias. The key level is reached on the lower timeframe, therefore we're looking at the bearish breakout of the trend line+confirmation.
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.
