After taking the buy-side liquidity around the 4,060 area, price started rejecting the highs and is now moving lower. The immediate draw on liquidity is the 5-minute sell-side liquidity around 4,036, which is where I expect price to move toward next.
For now, I’m watching how price reacts around 4,036. If that level is taken cleanly, the next downside draw could be the lower liquidity around 4,021.
So the current intraday bias is bearish**, with 4,036 as the immediate target.
For now, I’m watching how price reacts around 4,036. If that level is taken cleanly, the next downside draw could be the lower liquidity around 4,021.
So the current intraday bias is bearish**, with 4,036 as the immediate target.
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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.