What is good,
Copper has been slowly grinding higher, but underneath that strength, the Price action is telling a very different story.
Price keeps leaving lows untouched while continuously sweeping highs, yet fails to produce any meaningful expansion through them. Showing very distributive behaviour.
That's not the type of price actionyou would want to see in a healthy bullish trend.
Adding to that, we now have a very clean ranging environment with 2 taps already in place.
If we get the third tap and the model confirms by breaking Market structure, this range could transition into a major distribution with 50%+ downside potential.
Don't just look at where price is going.
Look at the liquidity it's leaving behind on the way there.
Copper has been slowly grinding higher, but underneath that strength, the Price action is telling a very different story.
Price keeps leaving lows untouched while continuously sweeping highs, yet fails to produce any meaningful expansion through them. Showing very distributive behaviour.
That's not the type of price actionyou would want to see in a healthy bullish trend.
Adding to that, we now have a very clean ranging environment with 2 taps already in place.
If we get the third tap and the model confirms by breaking Market structure, this range could transition into a major distribution with 50%+ downside potential.
Don't just look at where price is going.
Look at the liquidity it's leaving behind on the way there.
Заметка
This is now in a confirmed Model 2 
Through the lens of the Market Maker.
@kingsii on dc
@kingsii on dc
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
Through the lens of the Market Maker.
@kingsii on dc
@kingsii on dc
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.