$NOT RANGING MARKET STRUCTURE ON ITS SHORTER TIMEFRAME

After experiencing a rejection at this year's high, NOT has chosen to adopt a ranging pattern within the specified price range depicted in the chart. This suggests that once the existing ranging market structure comes to an end, there may be an opportunity for a breakout or breakdown. Nevertheless, the chances of a breakout seem to be more favorable, given that market sentiment continues to be exceptionally bullish, even if prices may face another corrective wave.

Stay wise, trade cautiously.

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