Previously on daily chart
, it is been observed that the price action is ranging in a uptrending channel. Today, on hourly chart, there is formation of Bearish Gartley
pattern has been observed which indicates selling pressure at 630 levels, where Bearish
Pin-bar pattern is also observed. There is also a MACD
crossover that to be noticed too. The above said factors indicating bearishness in the chart and It shall further move down.
Target 1: 603