On the Daily Timeframe, there is a Liquidity Sweep just above an old high before price has a Displacement to the downside breaking structure(BOS) leaving behind a fair value gap(FVG) or Imbalance if you will.
Currently, the price is making its way up (Retracement) to fill the Imbalance/FVG before having another leg down to take out the old swing low.
DISCLAIMER: THIS IS NOT A FINANCIAL ADVICE AS THIS IS MEANT FOR EDUCATIONAL PURPOSES ONLY.
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