By analyzing repeated swing failures in the opposite direction, we can deduce that multiple liquidity grabs have occurred. Consequently, the market is likely poised to reverse its direction once confirmation of a higher high (HH) or lower low (LL) is obtained.
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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.