The price has just broken through an important area, but it seems to be a false breakout.
We have 3 FVGs (price imbalance gaps) — these act as a magnet for liquidity, meaning the price tends to return to them to “fill” them.
RSI is above 70 → clear overbought → high risk of correction or reversal.
We have 3 FVGs (price imbalance gaps) — these act as a magnet for liquidity, meaning the price tends to return to them to “fill” them.
RSI is above 70 → clear overbought → high risk of correction or reversal.
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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.