A bearish divergence seems to be at play here, not only the previous higher low is broken, but also the ascending trendline indicating that bears have assumed control of the price action. If freshly printed lower low is broken, we can expect more bloodbath in coming days. Targets are mentioned on the chart.
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.