Price played out exactly as analyzed last week. Price bounced off the bullish POI at 171.24 and pushed higher into the bearish POI at 181.22. I'm expecting the price to invalidate the bearish POI. However, we can see there is a decrease in volume as price tried to push higher, indicating a sign of weakness and price could still go lower from here.
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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.