Looks like the price is beign squeezed in a descending triangle, and after such a huge move a correction wouldn't be too strange.
Target may be next supply zone at 8700-8300 range.
Target may be next supply zone at 8700-8300 range.
Note
Looks like the price made some kind of mini fakeout and went back inside the triangle.
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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.