It seems to me like the price could forming distribution schematics. The arrows are indicating more or less the events associated with a fully developed Wyckoff distribution, not an accurate prediction of what I expect the price to do.
If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair.
Consider supporting me if you think I am providing you with value.
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.