AXIS Created a Bearish Pennant. Downside Risk is High
More downside risk is increased with the breakout formed on the bearish pennant formed. Here we have a greater chances of revisiting the recent lows formed on the H4 chart with the breakout confirmed.
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.