Market Conditions: Low volume due to perceived negative sentiment in market. Higher Interest rates indicating less money available in market, failure of crypto markets also have increased downside pressure on the indices.
Directional Bias: Overall bearrish market structure forming lower lows and lower highs
Areas of Interest: Imbalance in market that created lower low,
Confluences: Fib .786 level and distribution/supply zone created before move back down
Directional Bias: Overall bearrish market structure forming lower lows and lower highs
Areas of Interest: Imbalance in market that created lower low,
Confluences: Fib .786 level and distribution/supply zone created before move back down