In the weekly chart, since the beginning of June 2020, the price has been following a clear downtrend, creating an interesting pattern.
The market closed the weekly session with a on the dynamic support of that pattern and it could be the first sign of market reversal during the next weeks.
In the we can properly see the price bouncing up and down on the dynamic of the .
Few days ago the price reached and got a rejection on the and it's now back on a small daily .
In the h4 chart the price got an interesting situation, as we can see it's creating a beautiful symmetrical triangle and the price got many rejections on its dynamic .
The price is actually on a daily support and the next price action around this area will be essential to understand the next market movement and especially if the symmetrical is valid.
The symmetrical triangle is usually a continuation pattern, and I'm confident to see the price grows and retest the main trendline.
Though the price is giving us a sign, don't forget that in daily and weekly perspective we still have a strong downtrend impulse, so it could be only a short correction to retest the previous .
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