Price is likely to return to a strong rejection area, which is significant due to the presence of both an Order Block (OB) and a Breaker Block. This confluence makes it a key supply zone. Additionally, this area may potentially form the right shoulder of a developing Head and Shoulders pattern, suggesting a possible bearish reversal from that zone."
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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.