If the daily closes like this that will be a confirmed Shooting Star Candlestick Reversal Pattern visible on the daily and that will be a signal for future downside. Of course the market hasn't closed yet and this is simply and aggressive early entry into this potential future position.
I think we will make about an 80 percent retrace or test the 200 day moving average as a bearish target.
I think we will make about an 80 percent retrace or test the 200 day moving average as a bearish target.
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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.