Uj had a first red week last week and had 3 levels of rise
H4 had already broken structure to the downside.
Currently, we are in a distribution phase and so the culmination move for this phase will be the pullback and resumption from the first red week -- the pullback followed by a continuation to the downside following through FRW.
Intra-day it is dumping price to pump up during US MRN.. only then to dump it as the real move. Maybe today or Fri.
I have a feeling it will hang around a little bit at end of day today before it melts.
H4 had already broken structure to the downside.
Currently, we are in a distribution phase and so the culmination move for this phase will be the pullback and resumption from the first red week -- the pullback followed by a continuation to the downside following through FRW.
Intra-day it is dumping price to pump up during US MRN.. only then to dump it as the real move. Maybe today or Fri.
I have a feeling it will hang around a little bit at end of day today before it melts.
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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.