Clear downward trend in a descending channel. 1H 200 ema pushing down price action. Price in an small ascending triangle, although a bullish pattern, price action is weak and resistance above weighs heavily.
CCI in a descending pattern.
The downward targets are potentials and not necessary for price to reach them. All depends on the market which is weak at the moment.
CCI in a descending pattern.
The downward targets are potentials and not necessary for price to reach them. All depends on the market which is weak at the moment.
Note
Breakdown, with bearish retest and peeling away from the 1H 200 ema.
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Related publications
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.