The price is inside a smaller range within a larger range on the Monthly time frame.
The price swept into a Monthly OB with a daily manipulation leg to the upside, then it started a daily MMSM and is currently within a broadening formation.
So overall, it might be good for scalping, but I might avoid it. I’ll wait and see the fundamental news. A 15% bounce next week is possible.
The price swept into a Monthly OB with a daily manipulation leg to the upside, then it started a daily MMSM and is currently within a broadening formation.
So overall, it might be good for scalping, but I might avoid it. I’ll wait and see the fundamental news. A 15% bounce next week is possible.
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