As we can see, the price has reacted well to the lines above and below the channel. If the short-term downtrend line breaks, the price movement towards the middle and upper line of the channel will not be out of the question
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Disclaimer
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.