Hitting some large demand spikes at a previous demand zone and near previous support.
At the very least I would expect a bounce here this low so that it can clear out the orders and maybe continue to the downside.
But the volume conveys that there was a very large effort with very little result... stopping volume... sign of strength.
Careful short. Take some risk off.
At the very least I would expect a bounce here this low so that it can clear out the orders and maybe continue to the downside.
But the volume conveys that there was a very large effort with very little result... stopping volume... sign of strength.
Careful short. Take some risk off.