Price has entered a point of interest! A bearish OB, and it looks like it may take a pullback.
Comment:
Price was too bullish. It never transitioned, and continued upwards.
But now, price has arrived at the Daily Supply Zone. The OB here is very strong.
I fully expect a reaction, at the very least, if not a rejection altogether. Price is due a pullback, even if to fill in the fair value gap/inefficiencies below.
We'll see.
We have to wait until after 1:00pm EST, after Wall St. lunch, and see what kind of volume is left in the markets post London Session.
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But now, price has arrived at the Daily Supply Zone. The OB here is very strong.
I fully expect a reaction, at the very least, if not a rejection altogether. Price is due a pullback, even if to fill in the fair value gap/inefficiencies below.
We'll see.
We have to wait until after 1:00pm EST, after Wall St. lunch, and see what kind of volume is left in the markets post London Session.