After an active growth, the instrument entered into a corrective movement and formed a descending formation in the form of a triangle, indicating the predominance of sellers with a decrease in highs along the trend line. There are also two levels of support, behind which the stops of long participants have accumulated, allowing them to continue moving.
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.
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.