Price has entered a point of interest! A bearish OB, and it looks like it may take a pullback.
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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.
@guyaneseempress33, It didn't play out, but it was a worthwhile look. I'm glad you found it beneficial.
ac317281
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Good analysis. We need to consider also that there is a channel formed on 4h timeframe and price might get to 35150 area before a significant pullback.
You make some really good points. I was analyzing US30 a couple of hours ago & I noticed how this has been bullish since 10A ET/NY time. 12+ hours & no pullback, is a long time. I mentioned in another forum that I don't like when there aren't any pullbacks because I feel like it creates a day of bearishness. But hey that's just how it goes. :)
RT_Money
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@skubi00, Still lots of bullishness. We'll see how it goes.
skubi00
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@RT_Money, I agree. And I meant *36+ hours at the time I posted, not 12+ hours.
QueenMalik101
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Agree a pull back is store , secondly there is divergence on 1hr something to take note of