Price pushed right up after respectively violating both the order block and demand zones, which led to a reversal characterised by this long wick. The pullback respected the order block zone by this third bearish candlestick which the inverted hammer and shows a complete loss of bearish momentum. We’re currently in a bullish market, with this buy price is expected to hit the supply zone…
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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.