This idea could not have played out better. No breakout to the upside but massive breakdown out of the structure. It makes you think that sometimes the chart structure is ahead of news
Note
I hope people took profits as this trade went to target all in one day before rallying today. This rally could still be a retest of the breakdown and positive news could send price back down again.
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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.