The price is building liquidity (Equal Highs). The Smart Money might break more structures to the downside to induce sellers before going after the equal highs.
Or it could just take that liquidity without breaking structures first. It will depend on lower timeframes orderflows
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This Analysis was done using my complete Strategy which includes:
- Smart Money Concepts
- Multi Timeframe Liquidity and Market Structure
- Supply And Demand
- Auction Theory
- Volume Analysis
- Footprint
- Market Profile
- Volume Profile
- Wyckoff
- Etc.