Idea: The price has formed a double top. Now the price is trying to stay above the 200 EMA. The weekly 50 MAs is a key support level. Their breakdown will lower the price to the weekly 100 MAs and will signal the beginning of a bearish trend.
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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.