Price has mitigated the bearish POI at 42.62 and broken market structure to the downside. With the strong impulse to the downside, price has created an imbalance at 42.23 where price could potentially fill them before continuing lower into the first target at 38.43.
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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.