Volume oscillator can be seen to be declining, along with a lack of upward pressure within the volume RSI. Barely holding onto the purple fib line, consequences would be devastating if this is broken as a likely target is the pink fib line, which results in a lower low.
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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.