On this chart we are in a bullish channel situation. Here, the support line is more important than the resistance line. Therefore, we will have a high probability of a downtrend if and only if the vwap indicator and the support line are forcefully broken by a large red candle accompanied by large red volume. thanks.
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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.