Looks like a very clear triangle, like every triangle it can always break out both ways. When looking at the bigger picture i would say we will break upwards to retest that red resistance zone, which would form a bigger bear flag if the gets rejected there. I will wait for a clear breakout before taking a position on this one.
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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.