We had a very strong pullback after the recent selloff followed by a large bearish outside candle. Perhaps another leg down is coming. With targets at the unfilled gaps below and a stop above the high of the outside candle we get R/ R ratios of 1.3 and 3.
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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.