I am expecting price to continue lower from here for the short term. Since we have already mitigated the HTF bullish continuation demand zone this is a medium probability setup. Often this types of setup works best when applied with the LTF confirmation. Also there is a strong spike after the mitigation of daily demand zone so that is a good indication of big money buying pressure.
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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.