Price is still ranging since hitting the 25K region of resistance.
Today's move was a swing failure pattern taking out the liquidity that was building up since last week.
The fixed range volume gives us a good indication of where the important levels are located. If the price loses the POC, then we look for a test of 24250, which is the value area low.
For the bullish case, I would want to see a clean break of the value area high 25K and ideally flip this as support
Today's move was a swing failure pattern taking out the liquidity that was building up since last week.
The fixed range volume gives us a good indication of where the important levels are located. If the price loses the POC, then we look for a test of 24250, which is the value area low.
For the bullish case, I would want to see a clean break of the value area high 25K and ideally flip this as support