There was a bullish rally on a larger time frame, then a pullback but the liquidity shifted opposite to the trend so that liquidity could be grabbed, that is why it looks bullish and if it had to go, it would have gone by blocking the order but it failed and now there is a high possibility of going downside by taking liquidity from the top.
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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.