Looking at the Daily chart for Hugo Boss AG, we can spot a highly probable institutional setup brewing. There is a lot of sell-side liquidity resting just below the recent swing lows (marked with green circles). These "poor lows" and unfinished auctions are likely to act as a magnet for the price before any real sustainable move upside can happen.
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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.