If it comes up and finds supply may be able to catch a move down to the next -potential- reversal area. At the very least it may hit some turbulance around those previous demand areas. Have to see when/if it gets to that area what the demand situation is.
We know that there is a lowest volume of the day and where that is located, everyday. Right on the session divider.
Another thing to note is that price is above both the daily 14 and 50 EMA indicating that the Daily is in an uptrend. Also worth noting is the moderate to low supply that is in the background.
Will have to see this next coming few days.
We know that there is a lowest volume of the day and where that is located, everyday. Right on the session divider.
Another thing to note is that price is above both the daily 14 and 50 EMA indicating that the Daily is in an uptrend. Also worth noting is the moderate to low supply that is in the background.
Will have to see this next coming few days.