The distribution phase breakout was extremely volatile and portrayed a completely one directional movement which made a stunning demand zone mitigation. Buyers took control of the market until the minor liquidity zone decline, the rejection moved in a corrective manner to trigger demand zone with a strong hammer candlestick then drove up to break the structure and create a higher high. This higher high is created by a strong shooting star to shoot price all the way down. From here price is expected to mitigate this immediate demand zone in order to hike up once more to the liquidity pool above…
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.
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.