Have the institutions trapped buyers at 2400-ATH ? One would think so as the break above 2400 was strong but the subsequent move down was stronger! - A likely institutional footprint
As a result of this $2400 price manipulation a 4H OrderBlock was formed and respected since, followed by bearish shifts in markets structure.
We now have a fresh 4H Bearish OrderBlock that I refined down to the 1H where I anticipate smart money to push prices lower from, given our notion of 2400 price having buyers trapped. - If this OrderBlock holds, seeing bearish market structure shifts from it, then lower prices are probable!
Lets see what happens, stay tuned and happy trading!