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Price played out nicely as analyzed last week, giving us a -15.05% move to the downside. No changes to my expectations, I'm expecting a continuation to the downside unless we get an increase in volume after taking significant sell-side liquidity.
Price did not play out to my last analysis of taking the clean highs at 158.65. Price took the highs at 155.63 and made a bearish retracement. With the decreasing volume on this bearish retracement, I'm leaning towards the price taking out the highs at 158.65 next.
Price consolidated since my last analysis. Price rallied with increased volume, followed by a relatively equal bearish candle of a lower volume. There is a higher probability of price continuing lower, potentially into my target of 86.26 next.
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