Market took out liquidity then drove price lower. Creating an imbalance due to the fast movement of price. Also,it broke the market structure (most notable low). It has also engulfed, giving us an entry on the close of the last bearish candle before the down move
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.