We recently took out an all time high on the monthly timeframe at 16790 and after that sweep we saw a break in structure. We have a Reclaimed Order Block and an internal sweep at close proximity in the last rising wedge. We looking to sell into the Daily Order Block which has a low probability of holding. More updates to follow.
Komen:
Our Reclaimed OB failed to hold price below 16659.00 level, collapsed the trade altogether.