Despite the massive bearish push on Friday the current momentum of price action is still bullish on the weekly time frame. Price was respecting a major support/resistance area (identified by the red circles). The weekly structure is bullish maintaining Higher lows. Will be on the lookout for bullish confirmation on either 4h or D timeframe
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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.