This idea is based on a Descending Triangle pattern which indicates bears are taking over- see the break of the support and retest. Always protect your trade with S/L which is not more than 2-3% of your capital
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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.