If it maintains market structure and creates a strong bullish candle, the volume of the GU close will push the market up.
If it breaks below and retests and maintains new resistance level, a strong bearish candle will indicate sellers entering the market.
If it breaks below and retests and maintains new resistance level, a strong bearish candle will indicate sellers entering the market.
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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.