The instrument is in a locally downtrend, a descending triangle pattern has formed, with a cascade of short levels behind which the stops of market participants are very likely, the instrument has been in consolidation for a day near cascade levels, with the next approach, I expect an impulse breakdown of cascade levels in order to collect the stops of participants
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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.