Price has rejected off the top of the bearish channel for a "3rd touch" to finish off last week, which also aligns with a previous resistance zone where price made a sharp reversal in the past. This upcoming week, I will be watching the lower timeframe for a slight retracement & will be anticipating price to resume lower this week towards the highlighted level below.
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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.