Price has attacked the highs and broke out of the Wyckoff distribution schematic at 148.28. Following the order flow, price should be targeting the bullish POI at 130.87. Short-term wise, a retracement is expected, potentially into the bearish POI at 138.73 before continuing lower if a confirmation is given.
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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.