This analysis is an update of the analysis you see in the "Related publications" section
We were counting on the flip zone for the continuation of the uptrend, but this zone was strongly broken.
We are not biased toward any analysis; we simply share what the chart shows us and always strive to reduce our errors and find the correct market direction.
If a pullback toward the flip zone occurs, we can look for sell/short positions.
The best zone for buying and investing is the green area. There is a liquidity pool at the bottom of the chart, which is expected to be swept in the coming weeks.
The closure of a daily candle below the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
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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.