In the first week of August, Price is only targeting the Daily highs liquidity.
Second week, went to consolidation and shoots up on Thursday's news to sweep the previous liquidity on top. And the next day (Friday) price, starts to sweep the liquidity on Daily lows.
Third week, price continues to sweep the liquidity on Daily lows.
The market showed again a flag pattern. Just like in the first week (Ascending triangle).
As we are getting close to September, the selling pressure is getting stronger (Fundamental analysis).
I'm only gonna look for sell positions only.
Second week, went to consolidation and shoots up on Thursday's news to sweep the previous liquidity on top. And the next day (Friday) price, starts to sweep the liquidity on Daily lows.
Third week, price continues to sweep the liquidity on Daily lows.
The market showed again a flag pattern. Just like in the first week (Ascending triangle).
As we are getting close to September, the selling pressure is getting stronger (Fundamental analysis).
I'm only gonna look for sell positions only.
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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.