Current structure suggests distribution at the top of range, with repeated rejections near the upper boundary and higher lows being maintained. While trend is still bullish on a structural basis, price is extended far above long-term trend support, increasing the probability of a return to the mean before any sustained continuation.
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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.