If this pair fails to close above the upper MLH, I'd expect a move a down. A declining MLH, coupled with the horizontal resistance from the range to the left may be a strong enough force to start a more pronounced correction to the downside.
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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.