Using order blocks, we see price action in a demand zone where it has to travel to a discounted region to get activated by smart money for a reversal or continue its downtrend. Price broke structure at 1826 and might be heading to its next institutional zone of 1808. Price can however reverse at 1814 which serves as the last extreme low before the impulsive move up. Price action is presently controlled by bears as evident by hull suite remaining red.
Commentaire:
Price reversed at 1816 as anticipated. The trend still screams bear dull we are in a demand zone. Be careful hear though
