Repeated failure to retake the rising channel as seen now, if followed by a break below $1247 in the wake of a head and shoulder pattern on the 4-hour RSI would open doors for a quick fire sell-off to $1240 levels.
Only a break above $1260 would revive bullishness
Only a break above $1260 would revive bullishness
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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.