PEP Analysis

Price has mitigated the bullish POI at 160.98 and broke minor market structure to the upside. Price has built buy-side liquidity from late December 2022 to early January 2023. 2 scenarios that could happen here. 1) Price could potentially going higher to take out the buy-side liquidity first then drop lower to fill the fair value gap at 166.60. 2) Price filling fair value gap below, continuing with the bearish order flow lower.