Depending on how price reacts with the resistance at which it is now, we may have a bearish channel on our hands. Additionally, if a strong bearish confirmation candle forms on the daily TF, there will already be a well placed short opportunity at the close of the first daily candle this week.
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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.