There has been no close above 38.52 in the last 4 weeks, i.e. every weekend has closed below 38.52. The weekend candle of 7 July is an important candle, apart from this this week's candle has also closed below the low of 14 July, which also indicates a down sign, over all a resistance zone is shown from 37.42 to 37.95. This pattern can go down to 34.1 or 33.67. But use a strict weekend Stop loss of 38.52.
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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.