Hey everyone in this analisis i noticed how the market has completed a full wavecount but there hasnt been a sign of trend reversal yet.When i examined the chart more closely i observed the liquid sellers that were still active in the market(big candles,long wicks), not only are the sellers getting tired;we can see that there is still sots of buying pressure that confirmed as a base from a tall white candle after the breakout.what im expecting to see is a push to the upside in order to free the liquidity and then sharply turn around at a weekly pivot level for a trend reversal.Like and comment if you agree with my analysis, or share your with the community.Id love to see a different point of view,always remember 2 steel knives keep eachother sharp! Im not giving out any financial advice im only posting my analysis for before and after results.
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Trade closed: target reached
tps smashed several times, thank god for this knowledge!
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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.