SFP is out of trend — it has been moving horizontally for 2 years, indicating a stagnation of interest.
The price has been forming lower highs since the beginning of 2024, which strengthens the bearish structure.
The current candle is red, but not extreme, which suggests weak but consistent selling pressure.
The price has been forming lower highs since the beginning of 2024, which strengthens the bearish structure.
The current candle is red, but not extreme, which suggests weak but consistent selling pressure.
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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.