We usually see false starts to the trend at market open, this suggests to me that price may want to continue to the upside after luring in a substantial amount of sellers. I will be waiting for the price to wipe out the most recent support before I begin to consider some buys.
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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.