In the current market scenario, we are entering a redistribution phase characterized by a crucial technical development: the impending breach below the shadow support of liquidities beneath the established trendline. The confirmation of this breakthrough holds paramount significance, as it signals the potential for a downward price movement. This descent is anticipated to initiate a retracement, particularly at the 30-minute order block of demand.
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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.