Based on the weekly chart and in accordance with the principles of technical analysis, I observe a bearish consolidation pattern (as shown in the chart). This suggests two possible scenarios: either the pattern completes and breaks downward, confirming the bearish trend, or the pattern fails and the price breaks above the consolidation zone, invalidating the bearish setup.
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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.