Price broke out of the rising wedge pattern today after the strong bearish reaction occurred from resistance pushing price down with alot of momentum & breaking the lower timeframe structure. Price now may make a small correction to retest broken structure as new resistance, where we may see price move down again towards the regions below.
Note
Lower timeframe supply zone to watch for bearish reversal.
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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.