Looking again at previous price action, noticed that the 4H bearish OB that started the move to the current local low is now acting as resistance across the board around 6450-6525, have yet to see a 4H or above candlestick close above this level. This is the main focus for resistance at the moment.
The bottom of the consolidation/range price has been stuck in for the past week lies around the previous swing low that kicked off the previous run and high volume node around 6100-6150.
Should price break below 6100 the yearly low around 5.8k should give price support.
The bottom of the consolidation/range price has been stuck in for the past week lies around the previous swing low that kicked off the previous run and high volume node around 6100-6150.
Should price break below 6100 the yearly low around 5.8k should give price support.