🧠 Chart Analysis Summary:
Pattern: Breakdown from a symmetrical triangle (pink lines), signaling bearish pressure.
Current Price: $37.96
Breakdown Confirmation: Price broke triangle support with bearish follow-through.
Resistance Zone:
Immediate Resistance: $38.40 (white line)
Support Levels:
First: $37.38 (red line)
Final Target: $36.79 (green zone)
🎯 Trade Idea (Short Bias):
Entry: $37.90–38.00 (after breakdown confirmation)
Target: $36.80
Stop-Loss: Above $38.50
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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.
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.