Hi, everybody A new trading month opened yesterday, and with it a new week.
A breakdown was formed from below with the boundaries of 25,250- 26,940, which is a zone of corrective movement on the weekly TF. At the top is IMB with borders of 31,980-37,570 and liquidity of 32,400, which is a zone for further growth.
The weekly chart remains ascending with the formation of HH.
The daily structure has been broken, now the price is trading in a corrective movement from the wave of decline. From below, there are equal lows at 26,508 and 26,940 + they are in the IMB zone, which are targets for further decline.
More locally, I consider the return of the price to the imb 4h+img 1p+ ab zone and the continuation of the downward movement.
Profitable trades.
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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.