Price took out previous week high that severs as a big liquidity pool and potentially a lot of breakout buyers got trapped - it means we have supply area to the opposing liquidity area. Also we have a break of market structure.
So, I would expect to see price break lower.
So, I would expect to see price break lower.
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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.