Price took out previous week high that severs as a big liquidity pool and potentially a lot of breakout buyers got trapped - it means we have demand area to the opposing liquidity area.
Also price break under the Weekly open, it means that weekly candle probably started distribution phase after manipulation is done.
Also price break under the Weekly open, it means that weekly candle probably started distribution phase after manipulation is done.
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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.