Short
UNFI preparing to break local uptrend
After the fall, the instrument began to consolidate, correcting in the range, there is a cascade of many levels. Inclined resistance, we are pressing up to the local 8.5160, behind which are the stops of market participants. If the price starts trading at the specified level, then we can expect a breakdown for the execution of stops and the collection of liquidity behind it.
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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.