A bit early to tell, but many signals of false/failed breakout just happened. The relative volume in the bar is over 10 times higher than the average, yet the price was rejected at the NVPOC of a small range of the left of the chart. If it is a false/failed breakout, we will expend the range to the downside below $8800. Be careful with longs. I am considering open shorts with a stop above the current swing high
Trend Analysis

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Penafian