The start of yesterday's Europe session formed a peak formation high, then a peak formation low in the New York session. The current climb back up today in the Asian session is potentially setting up a parabolic move back down in today's European session. If so, the Initial Balance low is a key level to bounce from.
Previous week failed breakout low
This week sees volume pushed back down into low of previous week and possibly trapped
Yesterday saw a peak formation low and peak formation high, ending in a green day
Possible final push back down into trapped volume before pumping back up or a rising channel leading to a parabolic move up in Europe session
