Experiencing this drop because the market has made a wipe out to the daily liquidity pool. The 4h breaker block added more liquidity to the fall which broke below the low. This aggressive move was also affected by the NFP event, if price happens to continue dropping and does not make a wipe out, then this potential break of structure is headed to the demand zone for a reversal to occur and for buyers to take over...
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.