As mentioned in our previous analysis, the price had reached the top of the range. At that stage, we had two options: wait for a confirmed breakout to the upside, or take a reactive position anticipating a move toward the bottom. Now, we are seeing price action moving toward the lower boundary of the range.
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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.