If we analyze this from a money distribution point of view you will notice that all selling liquidity has now been purged. This opens up the possibility of a huge downside move next week, we got in a market close last week hoping for downside continuation.
Good luck!
Good luck!
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Related publications
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.