The active exhibits typical signs of distribution, and in the area of bear ineffectiveness (POI), a reversal pattern is most likely to form, which will initiate a continuation of the downward price action. This can be used to open a short position. 📉
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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.