Price displaced up, to and through the NWOG, stopping almost exactly the top on the weekly timeframe before getting rejected almost just as quickly as it got there.
The previous week traded into a weekly FVG above, and in IOFED fashion it displaced back down to a weekly iFVG.
Currently, price is at equilibrium and could go either way from here. I will be waiting to see if price trades through the iFVG below, or back higher to use the previous FVG as possible support. Only time will tell.
The previous week traded into a weekly FVG above, and in IOFED fashion it displaced back down to a weekly iFVG.
Currently, price is at equilibrium and could go either way from here. I will be waiting to see if price trades through the iFVG below, or back higher to use the previous FVG as possible support. Only time will tell.
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