We identified that the NQ mitigated a key level on the daily chart, accompanied by an SMT, indicating the entry of smart money into the move. On the 1-hour chart, we observed a new SMT within the same daily key level, along with the occurrence of a CSD. These factors suggest that the MMBM may be starting to form.
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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.