Price has reached a key level zone looking left where big reactions in the past occurred. Also, price is at the bottom of the channel which aligns with the key zone of interest & above this region I am still looking for upside movement.
Scenario 2, would be if there is a clear breakout of the pattern & zone we can anticipate further bearish movement into support.
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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.