In my observation, for the CPI NEWS today (11/01/2024), there will be a two-way movement. The first direction is upward initially, as significant players aim to absorb a large portion of liquidity from existing retailers in the market. Shortly after the price reaches for liquidity and executes orders in the supply area above, a continuation of the trend downwards is expected. This is purely technical based on historical fundamentals that often occur in the market. That's all from me.
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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.