We can see here that a descending triangle is forming and the price is also approaching a major trendline. If this breaks down we can see a nice move to the downside. Along with this price is approaching a crucial whole number resistance point which acts as a psychological level. I will be looking to short this once trendline breaks and i get a confirmation.
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.