On the Daily timeframe, the peak formation high ( PFH ) is at the highs of both March and April. On the other hand, the peak formation low ( PFL ) is currently the low of the week whereas the PFH is the high of the week.
Narrowing down to the lower timeframe, yesterday the price created a breaker which is a clear indication of a change in order flow to bearish. The price will go lower to fill the liquidity void to more than 50%.
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Narrowing down to the lower timeframe, yesterday the price created a breaker which is a clear indication of a change in order flow to bearish. The price will go lower to fill the liquidity void to more than 50%.
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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.