Previously on daily chart, it is been observed that the price action is ranging in a uptrending channel. Today, on hourly chart, there is formation of Bearish Gartley pattern has been observed which indicates selling pressure at 630 levels, where Bearish Pin-bar pattern is also observed. There is also a MACD crossover that to be noticed too. The above said factors indicating bearishness in the chart and It shall further move down.
Target 1: 603
Stoploss: 625
Target 1: 603
Stoploss: 625
Trade attivo
Correction: It is a bearish Butterfly patternTrade attivo
Price action breaking out 616 levels, now shall move to targets.Trade chiuso: obiettivo raggiunto
Targets achieved successfully, RegardsTrade attivo
Analysis done for target 2, now shall reach to 596 levels. 
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Pubblicazioni correlate
Declinazione di responsabilità
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.