The start of yesterday's Europe session formed a peak formation high, then a peak formation low in the New York session. The current climb back up today in the Asian session is potentially setting up a parabolic move back down in today's European session. If so, the Initial Balance low is a key level to bounce from.
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Disclaimer
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.