We observe a monthly macro downtrend that we believe may continue to hold. At the beginning of the week, the institution creates an accumulation, followed by a manipulation in the price, breaking that accumulation and making the masses think that the price will continue to drop. However, it is actually a buy to generate more liquidity and achieve a better price for the macro sell that the price has been respecting.
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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.