Usually, in a high-volatility environment, you see prices moving brutally south or north. But when you see this kind of slow pullback, it just means the bears can’t push lower—there are too many buyers. It’s just about to blow up any minute or hour from here.
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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.