After price broke down from a long mature uptrend price is currently struggling to break the correction 62% fib level.
Currently price is consolidating and we know
we are at a 62% retracement level on daily so odds
are probably we need a pullback to go further
lower to follow the trend.
Another scenario can be a bearish break could
happen next week.
Currently price is consolidating and we know
we are at a 62% retracement level on daily so odds
are probably we need a pullback to go further
lower to follow the trend.
Another scenario can be a bearish break could
happen next week.
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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.
Related publications
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.