if it cannot hold the 39-40 area a lot more downside is possible! currently approaching this level in a bearish downtrend, not a good sign for longs!
Note
some short term bearish targets from algorithm
Note
second chart is 2 Hour, not weekly :D
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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.