Given the recent bearish shift on the 4-hour timeframe, the failure to break above the 4H high, and the formation of a flag pattern on the 15-minute chart in this zone, we expect the price to potentially drop toward the bottom of the 8-hour timeframe — which aligns with the first major support level.
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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.