Friday 10/21 we saw the market reversed and made a bullish impulse to make a breakout.
As market opens today 10/24 it hit the order blocks 1666, 1668, and 1669. It made a huge rejection and we assume today will be a pullback/bearish.
As the market made a low at 1653.780, it made a pullback at the golden zone to continue bearish behavior.
There is possibility that it will hit the demand zone (rally-base-rally) between 1642-1640 before continuing more up.
As market opens today 10/24 it hit the order blocks 1666, 1668, and 1669. It made a huge rejection and we assume today will be a pullback/bearish.
As the market made a low at 1653.780, it made a pullback at the golden zone to continue bearish behavior.
There is possibility that it will hit the demand zone (rally-base-rally) between 1642-1640 before continuing more up.
Note
good analysis.completed setup.
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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.