Rejection of a lower high from an OB area. Powerful imbalance created by the previous move down has now been filled, and I believe price is ready to use this as a pivot zone to retest or even break through the established bottom.
TRADING IDEA --- NOT AN INVESTMENT OPPORTUNITY
TRADING IDEA --- NOT AN INVESTMENT OPPORTUNITY
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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.