Long positions are closed, and short positions are actively growing. All the movement has outlined some channel, below the boundaries of which the price is most likely not allowed. It is also possible the formation of a wedge, from which the price can jump out quite a good distance. It is necessary to monitor and identify any model to work.
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.
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.