So the market has created quite the setup for a sweep above the current highs into the 6H OB that sent price rushing down previously... I think many have been itching to short this whether it be from revenge trading (they missed the move up) or over trading and stuck in a bearish mindset... The market won't let them get away with such an easy entry in my opinion. I think there's a good chance we pop up and then trickle back down.
Look at the sell off that occurred from that 6H block... very rarely does price revisit an OB of that magnitude and not react to it
Stop loss is above important weekly open and closes
Speaking of the weekly candles... we are at a strong weekly level of resistance
Look at the sell off that occurred from that 6H block... very rarely does price revisit an OB of that magnitude and not react to it
Stop loss is above important weekly open and closes
Speaking of the weekly candles... we are at a strong weekly level of resistance