One way to look at this setup is a potential Descending Wedge. I'd be curious to see if the market is bullish enough to flip this or if we take a big leg down. I'm still expecting to retest HTF trend line down at $300. There doesn't seem to be a lot of OI either as it seems the market is just trading sideways for now until a more obvious STF trend is in place.
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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.