Distribution took out highs from Feb indicated by grey arrow. The final spring has occurred taking out highs in a quick move up, followed by a decisive move down. Highlighted this candle as our 'fuck you' candle. the place where banks cleared the liquidity of previous highs. We are looking for price to find it's way back up to either the open or 50% of this candle, for the insitutional sponsored traders to get out of their buys. Targets are the equal lows to the downside at 1320.0.
There is a massive amount of liquidity above this region, from our weekly timeframe analysis. must be noted.
There is a massive amount of liquidity above this region, from our weekly timeframe analysis. must be noted.