Downtrend
The chart appears to be on a downward trend. The chart shows two important supports.
Lower support is drawn in the weekly timeframe, where it breaks its weekly ceiling in the weekly timeframe.
Lower support is drawn in the weekly timeframe, where it breaks its weekly ceiling in the weekly timeframe.
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.