NAS100 has tested this area multiple times and for some time this area has been an area of buy liquidity
It now seems that the buy liquidity is exhausted, anticipating some good sells going to the downside
Price failed to return and establish itself above the zone in its recent movement, so it shows that price has a higher chance of not returning to its buy movements, making it a high probability sell setup
It now seems that the buy liquidity is exhausted, anticipating some good sells going to the downside
Price failed to return and establish itself above the zone in its recent movement, so it shows that price has a higher chance of not returning to its buy movements, making it a high probability sell setup
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