The daily has been forming a rising wedge, which had a failed breakout back in early-to-mid November.
A failed breakout makes an actual breakdown even more likely than it already is for this pattern.
I'm expecting a move below 40 and then a stronger move down:
TP 1 = 24.27 TP 2 = 19.06
Invalidation of this short would be a 2nd and successful breakout (so, look for price to cleanly rise above ~45.59, and then from there above the wedge and 50 for it to remain bullish)
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.