Price has entered a point of interest! A bearish OB, and it looks like it may take a pullback.
Note
Price was too bullish. It never transitioned, and continued upwards.
But now, price has arrived at the Daily Supply Zone. The OB here is very strong.
I fully expect a reaction, at the very least, if not a rejection altogether. Price is due a pullback, even if to fill in the fair value gap/inefficiencies below.
We'll see.
We have to wait until after 1:00pm EST, after Wall St. lunch, and see what kind of volume is left in the markets post London Session.
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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.