Price is heavily bearish on Both the Weekly and the daily timeframes. I consider this break to the upside on the 4hr timeframe to be reaching for a target on the Premium array of the current range .i.e a retracement
Price takes out the sellside Liquidity and then breaks to the upside on the 4hr timeframe. Also, the dolalr index supports the idea of a retracement on US500(as a general rule, US500 and USDollar are negatively corellated)
I want to see the buyside Liquidity to be tapped sooner than later. Price target at 4357.6
Price takes out the sellside Liquidity and then breaks to the upside on the 4hr timeframe. Also, the dolalr index supports the idea of a retracement on US500(as a general rule, US500 and USDollar are negatively corellated)
I want to see the buyside Liquidity to be tapped sooner than later. Price target at 4357.6
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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.