The pattern is great and now it is oversold on a daily chart and there is a possibility that it will reverse from this area and break the resistance as can be seen on the chart or it could retest the resistance make a lower high then push to the upside, all things remaining equal.
Note: This is purely my idea and not an advice for investment as anything is possible in a financial market
Note: This is purely my idea and not an advice for investment as anything is possible in a financial market
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.
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.