🔹 Bearish divergence on indicators suggests that the bullish momentum is weakening.
🔹 A reversal has formed near a key Fibonacci time zone, indicating the potential beginning of a corrective move.
🔹 Price is rejecting from the intersection of a channel line and a strong Fibonacci retracement level, reinforcing the case for a possible downward reversal.
🔹 A reversal has formed near a key Fibonacci time zone, indicating the potential beginning of a corrective move.
🔹 Price is rejecting from the intersection of a channel line and a strong Fibonacci retracement level, reinforcing the case for a possible downward reversal.
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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.