From the daily chart, we will find out that last friday closed with an inverse hammer. This is a good signal for a bearish continuation after experiencing a bullish exhaustion. On our 1H time frame, will see that our upper trendline is respected and we are waiting for the break and retest of the trendline in between the upper and lower trendline before we can have an entry. Good luck!!!!
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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.