TheTradingRoom

Potential OB short opportunity to lower zone

Short
NYSE:XMI   NYSE ARCA Major Market Index
Price currently at the top of a big bull run and currently is seen forming new order block at the highs.

We may see evidence soon of negative imbalance but in order for that to come into play, price will need to first test the lower highlighted zone below.

Bears are seemingly taking control of the situation so we'll be keeping our eyes peeled on the decline over the coming week.

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