Price abruptly shot to the upside and mitigated the internal supply zone after the accumulation phase, then made a pullback to the zone. The pullback formed this contraction to load a volatile bullish move to reach the breaker block above. Price respected the zone in a distribution manner which reduced price all the way down to the 50% Fibonacci retracement within the order block. With this area being mitigated, the market is more likely to correct the imbalance by filling the fair value gap and persistently going bullish to the order block. If we don’t catch this current move, then we wait for the anticipated pullback to level 0.62127 with the 0.062868 target…
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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.