We have a drop-base-drop (DBD) pattern.
Once the price exited from the 'redistribution zone', not all sell orders were filled and there was still open interest at this level; so it pulled back to retest.
Here we have the "Evening Star" bar pattern and the TD9.
Target are displayed on the chart.
Once the price exited from the 'redistribution zone', not all sell orders were filled and there was still open interest at this level; so it pulled back to retest.
Here we have the "Evening Star" bar pattern and the TD9.
Target are displayed on the chart.
