Price has been forming a bearish flag pattern and it may bounce around in the parallel channel before making any significant move towards either side. But, based on the bearish momentum over the last couple of weeks and the previous daily, it is increasingly likely that the next move could be downwards at the break of this channel.
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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.