The overall trend remains bearish, but since the market has reached the session low and P-line, a short-term bounce toward the take-profit (TP) area is likely. Once this minor correction plays out, the downtrend may resume, continuing the broader bearish momentum.
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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.