We can clearly see our weekly swept a low and failed to displace. With this we know if we fail to displace a low, we will most likely see the high that failed to displace the low be taken. Our structure confirms this as well creating higher highs and higher lows. Looking to take out that other weekly swing high.
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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.