Liquidity spike on a bearish OB which is fooling traders into thinking it's an ascending triangle. Should breakdown within the next 2-3 4 hour candles.
Not guaranteed, since we've been seeing some low volatility, but the probability of breaking down is great. Should this not breakdown, I expect more sideways ranging.
Not guaranteed, since we've been seeing some low volatility, but the probability of breaking down is great. Should this not breakdown, I expect more sideways ranging.
Note
Stop Loss: 6405Note
Targets for the breakdown:6220
6150
Trade closed: stop reached
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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.