The market has rallied with unfilled orders left behind, a retracement back to collect them is needed, and up we go.
Nothing to explain , the blue box is a supply zone, unfilled orders
I see three things: 1- A major level broken to the upside. 2- A retest to this latter that ended with a false channel break right into this level 3 - Demand is forming as of the moment I'm publishing this
Strong drop, retrace back to the origin
The market has just sought liquidity below the range and formed a sort of accumulation (seen on LTF), enough sign to me to ride this run aiming right above that old high
Looking at this chart i believe large players have engineered Sell and buy side liquidity from both the bears and the bulls and now it's time to smash their orders.
looks like a minor distribution in process, I expect a drop to the W formation neckline.
after a tap on external Liquidity, I'm expecting the market to see trade above those highs above
Drop the price, take profit, accumulate, return back to fill the imbalance