The very short term outlook here is not pretty. My immediate instincts and algorithm knowledge tells me to short this for a couple of % profit. However, we can potentially see a longer term bullish move once we've proven this teal algorithm. It's been the tell-tale sign before any breakout so I will look for that to form as opposed to the obvious bearish liquidity building green that's currently in control.
Happy Trading :)
Happy Trading :)
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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.