This setup only valid if we see changes in price action.. if we dont see any LL on this chart this setup are not valid. Price need to close below last low. Retracement only valid if the price move in correction way.
Analysis are base on technical and validity are base on certain requirement.
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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.