Technical analysis by Dealerify_HUNTER about Symbol FIL: Sell recommendation (7/19/2023)

In the daily time frame, we can see that after breaking the trendline, it could not cross the static resistance (flip zone) and take back the last topWeakness in price stabilization is evidentIn the 4H time frame, we have an upward trend line that the price has penetrated twice and is currently moving tangentially with it. There is also a support zone that has prevented the price from fallingIf the trendline and the support zone are broken, we can enter the short position in this area in pullback (according to the drawn scenario)