This price is falling from the reversal zone and also you may see the reversal confirmation i.e bearish candle formed and closed below the reversal zone. This confirms that the price is ready for the further correction. If the weekly candle is closed above the reversal zone, we can alter this next pattern. This is for educational purposes only.
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.