I will let the chart depict itself.
Note
Market moves in 3 cycles based on the bullish bias.1. Accumulation/consolidation: Expect that on the open. Sideways or range bound
2. Manipulation: Market moves lower, hunting for stops at level of Support
resistance or level you deem significant.
3. Expansion: Profit phase, i suspect price to move higher reaching for
resistance.( Profit target)
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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.