Successful retracement

From the 137.911 level, the market made a successful retracement to the demand zone at 135.854 and couldn’t push up to the main supply 137.678 because of the previous broken structure. The rejection formed this current mid supply area and price made an impulsive drop that broke the structure and created divergence at the 134.109 low. The market is now trying to recover the massive drop, so we now target the breaker block which was our previous demand zone then expect a young bearish move to give us the ascending second drive to provide more bearish move as we await the third drive. The ultimate target is 137.678, provided that we get the anticipated third touch…