hey traders,
instead of breaking above 3280 structure resistance the market has respected it
and, moreover, set a lower high.
after a lower high formation, the market has dropped below a support line of a flag pattern.
the breakout is considered to be confirmed and our bias switches from bullish to bearish.
from the current perspective, I will expect bearish continuation to 3120 / 3050 / 2980 levels.
protect your profits based on these levels.
good luck!
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
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.