The instrument has formed clear local minima, behind which there is an accumulation of liquidity. The price is gradually being squeezed to the level, which is seen by the decrease in the highs. I am considering the formation of consolidation and an impulse short exit, followed by the withdrawal of liquidity, to the nearest imbalance zone.
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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.