Price has been consolidating but has now formed structure within the range that could possibly push price outside the range to the upside to possibly retest a higher time frame supply before further expanding down since higher time frame bias is bearish at least for the short term.
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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.