1. Blue arrow - assumes the selection of the nearest liquidity both above and below (approximately 20% movement). Subsequently, gradual growth towards ATH could follow if we break through the long-forming triangle. 2. Purple arrow - liquidity selection above the current price level, around the trendline, followed by a decline to the lower trendline. In the case of strong bearish pressure, even below it. Then, a rebound from the trendline downward.
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.