If by any chance price begins to aggressively pump towards 6800 and keeps that momentum towards 6900 it might simply retest 7000, breakout and keep pumping, it would mean slicing through 2 liquidation pools voids (this is the large move I've been talking about, I don't know its direction and when it will happen, but as I scalp and swing trade I always turn back to check this possibility)
But as long price slowly move towards the 6750 region what I would expect is a simple liquidation move, a reject and then fall down. The way price action develops tells a lot about if a move is bullish, bearish or simply a liquidation or SL hunt..
But as long price slowly move towards the 6750 region what I would expect is a simple liquidation move, a reject and then fall down. The way price action develops tells a lot about if a move is bullish, bearish or simply a liquidation or SL hunt..