Big battle took place at the top of this swing up. Break out bar (bob) shows that buyers are no longer accepting higher prices and can expect price to at least retrace to the median line.
If price gets high enough to visit BOB can go short based on evidence of nobody accepting higher prices above.
Can expect a bounce of the value area on the way up as shorts get closed from above.
If price gets high enough to visit BOB can go short based on evidence of nobody accepting higher prices above.
Can expect a bounce of the value area on the way up as shorts get closed from above.
Order cancelled:
Trade cancelled. Visit to bob didn't quite trigger my order. Will revisit if price gets back up there.
