There's alot of liquidity above our current price (premium) if price really wants to go lower we can expect price to seduce people in with our current trend line then suddenly spike up, hitting people's stop loss and then pushing down to its intended direction.
Or price could do the complete opposite (Be flexible).
Or price could do the complete opposite (Be flexible).
Note
I expect to see that trend line taken out.
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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.