I truly believe we are going to see another leg down to finalise a large stop hunt on buyers.
Once breakout and demand buyers have been taken out of the market, there is a high chance that we will see the true buy move come in to sweep the equal highs.
Gold is definitely one to watch out for! Avoid touching it until we get out of this messy range on the lower timeframes.
Please let me know your thoughts in the comments 💬
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.