A price action below 8300 supports a bearish trend direction.
Further bearish confirmation for a break below 8200.
The target price is set at 7700.
The stop-loss price is set at 8900.
The downsloping linear regression channel pattern remains a concern for a strong bearish trend.
The target price is also at the 0% Fibonacci retracement level.
Further bearish confirmation for a break below 8200.
The target price is set at 7700.
The stop-loss price is set at 8900.
The downsloping linear regression channel pattern remains a concern for a strong bearish trend.
The target price is also at the 0% Fibonacci retracement level.
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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.