Price keeps grinding to the downside, forming the green channel.
A break of the channel should lead us first to a test of blue resistance, followed by gray resistance.
Price is showing divergence in smaller timeframes, but this is not enough to consider a reversal.
A break of the channel should lead us first to a test of blue resistance, followed by gray resistance.
Price is showing divergence in smaller timeframes, but this is not enough to consider a reversal.
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Disclaimer
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