Looks like a big bear pennant on the daily.
I think a short could play out nicely.
Weekly is forming dojis and doesn't show strength.
Comment:
Moving Average 200 in pink/red
Moving Average 50 in orange
Moving Average 21 in purple
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.
Moving Average 50 in orange
Moving Average 21 in purple