DAILY IMBALANCE
Taking my analysis from the daily time frame, we can see that an imbalance (gaps in the market that needs to be filled) has been formed and also an evening star has also been formed on the 1hour time frame , price would test the 62% fib level to clear out imbalance before we see a strong bullish uptrend to clear out the other imbalance at the top.
Note
Price cleared out the imbalance on the Daily timeframe and Went bullish to clear the imbalance at the top before we saw a huge sell, just as I analyzed .
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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.