Price is overextended on the daily TF. Price has broken the market structure to the upside and grabbed the liquidity at equal highs at 47.12. The target for this up move is potentially the bearish POI at 62.56. From there, I'm expecting a retracement to the downside.
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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.