We've gad some interesting action recently with the indices. Price broke ATH recently and wicked back into previous price. I believe this wick was to take out all the stops and grab liquidity from above. The daily candles which followed seem to be a bearish pattern forming. I have displayed a couple of potential long term targets.
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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.