Beginning of the year indicates new cycles. Be careful shorting but all signs point to the downside. Confluences include 3rd touch of the trendline, H4 SNR, 78.6 fib, H4 engulfing, H4 50 EMA
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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.