Viewing the chart below, this looks like a Double Top with a measured target close to the CME Gap at 92k.
There could be a wick down close to this area to close the gap before price continues back upwards.
These don't always play out, however with low liquidity in the market, CME may choose to drop price to free up stuck liquidity at the 92K Level.
There could be a wick down close to this area to close the gap before price continues back upwards.
These don't always play out, however with low liquidity in the market, CME may choose to drop price to free up stuck liquidity at the 92K Level.
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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.