Hi Guys, this really looks like a bearish patter which is made even stronger by the fakeout had in the previous days.
If you are bullish, make sure you have your stop loss in place in case needed.
If you are bearish, set your order below support, and if you have short position already open, make sure you set your stop loss.
The title of this post is bearish, but your setup should always be ready for all the options, as anything can happen.
If you are bullish, make sure you have your stop loss in place in case needed.
If you are bearish, set your order below support, and if you have short position already open, make sure you set your stop loss.
The title of this post is bearish, but your setup should always be ready for all the options, as anything can happen.
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Even though we broke down, so far few bullish divergences are showing up on different time frames, perhaps a move up is on the picture.