What we have consider as a BackUp few charts above, could be called a Spring, with a pull back on the MidRange (as luck would have it on 0.618 Fibo retracement!) – LPS. And once again, it JAC, plus 3 taps on 0.618.
There is nothing good, when we could identify a MarkUp, because mostly of definitive exits are going to make PA dive. But in this “b shape”, MM rushed price to seek it lower from the middle august, leaving a cocktail of FVG with some LQ
There is no real rules on the Cryptomarket, even if MM behaviour is modeled as “casual”. As we saw it on March 20, when markets collapsed, they withdrew LQ to cover their positions… Guess what will happen in the next BlackSwan ?
Both Russia and Saudi Arabia need high oil prices to generate more budget revenues, but their support for “the stability and balance of oil markets” could unravel part of the efforts the Fed and other central banks have put in the past year and a half to curb inflation.
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