Price liquidated the support line and reached the 8h demand zone as predicted where it bounced from. MACD is showing bearish weakness, RSI is sold and EMAs are turning bearish. I am still waiting for lower timeframe confirmation before expecting price to move up from here aiming to create a new higher high.
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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.