DislikedIf I may add. What you are saying is even clearer on H4. Yesterday we were talking about that in the thread. That large spike during London close (the wick hidden in your background) cleaned the stops in that area & opened the doors for a further push up, the one we saw this morning. That move down in my books was a textbook example of a fear move and stops there were from the very risky traders.
However, IMO a rejection back to that area in a more "normal" price action will trigger even a stronger move down (riskier and everybody else...lol...Ignored
Look Sharp/Trade Tight