On hourly chart, the price action is trending in a downward trend channel as it is making lower Lows (LL) and Lower Highs (LH) indicating weakness and bearishness.
Refer to educational series on Channels to understand it better. (Links provided below)
Target: 317.50
Stoploss: 340
Refer to educational series on Channels to understand it better. (Links provided below)
Target: 317.50
Stoploss: 340
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