After successfully completing the three descending bullish drives, the market shot abruptly up, broke the structure and violated the supply zone to provide this swift bearish move to the breaker. Current situation indicates that price is bound to respect the area, but this candlestick with this long wick is saying otherwise. The ultimate goal is for the market to drop to the demand zone, mitigate it and shoot all the way up, but with the fair value gap in place and the order block zone in place, the market has to be approached with caution in order to capitalise on every move…
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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.