Short term view - WPP LN : The falling moving average confirms our opinion.
The trend is still bearish, the invalidation level is above 1,400.00 p. The target is at 1,240.00 p.Arguments :
- The resistance has been reached, it causes the fall.
- The falling moving average confirms our opinion.
- The bearish gap opened as prices break out of the pattern announces a fall.
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