The background here is that under a large scale supply area, volume (both the demand and supply) decreased to a very low level.
The last two week's candles had proved that the supply just decreased.
I am expecting a breakup this week, but it will most likely failed.
I think it is better wait here and don't buy or sell until the demand or supply is fully in charge.
Note
In week chart, i have to change my expectation that the price will go up to test the resistance of a gravestone doji pattern.It is less likely to happen. In day-time chart, a long body candle bad breakdown a double top pattern's neck-line.That means a downtrend just established.
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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.