The price in an uptrend, in its last attempt failed to record a new high, and this could be a warning for the return of the trend.
At the moment, the price seems to be forming a diamond pattern which is a return pattern.
If our guess is that the trend is not bullish, we can think of a short trade in the area identified in the recent downtrend with the main support in mind.
At the moment, the price seems to be forming a diamond pattern which is a return pattern.
If our guess is that the trend is not bullish, we can think of a short trade in the area identified in the recent downtrend with the main support in mind.
Trade closed: target reached