D1 - 3 lower lows, lower highs structure, followed by a retrace in the form of double wave up.
Price reached an important resistance zone, bearish divergence and it has broken below the most recent uptrend line, currently it looks like a correction is happening.
H4 - The correction is happening in the form of bearish flag, bearish hidden divergence,
If the price breaks below the bottom of the bearish flag pattern we may then start looking for sells with more bearish evidences.
Price reached an important resistance zone, bearish divergence and it has broken below the most recent uptrend line, currently it looks like a correction is happening.
H4 - The correction is happening in the form of bearish flag, bearish hidden divergence,
If the price breaks below the bottom of the bearish flag pattern we may then start looking for sells with more bearish evidences.
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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.