Price is on a downtrend, and could be at the start of a wyckoff accumulation schematic. Price is currently filling the fair value gap, so I expect a short-term retracement into the bullish POI at 82.08. If price respects the bullish POI, we could see price targeting AR at 95.70. If we fail to respect the bullish POI, we might be looking at the formation of a spring to start an uptrend.
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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.