Clear rejection . Might recover 50% of its draw down before it sinks again.
Big institutional price movements. OANDA:USDCAD . As you can see there's a lot of rejections. You are more likely to find a better entry leading to next week for a retest. Overall, I am fine with the risk fading it right now. If it does pull back i will add on more to the position.
I'm anticipating first solar to fill that imbalance that has till around 306. It also rejected off the 50 EMA twice indicating a lot of support around the 190 to 210 area.
My prediction on DRN is that it’s going to break out to 78 range and go on the upside to fill that imbalance.