Pretty straightforward analysis.
The symmetrical triangle formed in the downtrend on a weekly chart. Waiting for the breakdown below the lower trendline.
Also, EMA is nicely aligned for the downtrend to continue. Waiting for the candle to close below 20EMA.
The symmetrical triangle formed in the downtrend on a weekly chart. Waiting for the breakdown below the lower trendline.
Also, EMA is nicely aligned for the downtrend to continue. Waiting for the candle to close below 20EMA.
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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.