There was a nice LQ sweep from a swing high. Currently, an N3 is being built.
On the 1 and 4-hour chart, the trend has turned bearish.
There is potential for the price to move down to the recent swing low.
In the meantime, there should be reactions at the marked key price levels.
On the 1 and 4-hour chart, the trend has turned bearish.
There is potential for the price to move down to the recent swing low.
In the meantime, there should be reactions at the marked key price levels.
Trade active
Price has found support at the POC and is showing bullish price action. I anticipate it may move up to around 2665 and eventually reach 2675. However, I believe this move is part of a correction within a broader downtrend on the higher timeframe.
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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.