This Fib channel frames well price action and the 0,236 is now acting as resistance. It is highly possible that we revisit the 0,5 and even 0,618 retrace. Weekly and daily momentum both show downward pressure. I will keep my short for a few days, unless resistances are broken.
Trade active
Bear force still there
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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.