As it can be inferred from the chart, the price has formed some sort of a Head&Shoulders pattern around the upper boundary of the sideways ranging rectangular box, which is a strong reversal indicator. We are expecting the price to keep dropping and reach the area of support identified on the chart
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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.