The Bulls are trying to climb back up over the Local VAH, but the road ahead is loaded with traps.
The first problem is the 1D Order Block.
That level alone could make life difficult for the Bulls.
But it gets even worse.
There is also a 3H Order Block overlapping that same area, which means the Bulls might not even make it to the 1D Order Block before running into serious resistance.
And if that was not enough, the 786 Silver Pocket is perfectly aligned with both of those Order Blocks, adding even more confluence for the Bears to reject price from that level.
That is a serious wall of resistance.
But here is the wild part.
That might not even be the Bulls biggest problem right now.
Sitting directly in their path is a 6H Inside Bar, and this level has even more confluence stacked on it than the 1D and 3H Order Blocks.
We are talking about the legendary Golden Pocket.
And if you pull a fixed range tool from the Local 4H High, you will find the VAH of that tool sitting beautifully right in the middle of that 6H Inside Bar.
That tells me something important.
The Bears might not even be planning to let the Bulls get anywhere near that 1D and 3H Order Block zone.
They may be looking to shut this whole rally down before it even gets that far.
Now that is a hot level to watch.
The first problem is the 1D Order Block.
That level alone could make life difficult for the Bulls.
But it gets even worse.
There is also a 3H Order Block overlapping that same area, which means the Bulls might not even make it to the 1D Order Block before running into serious resistance.
And if that was not enough, the 786 Silver Pocket is perfectly aligned with both of those Order Blocks, adding even more confluence for the Bears to reject price from that level.
That is a serious wall of resistance.
But here is the wild part.
That might not even be the Bulls biggest problem right now.
Sitting directly in their path is a 6H Inside Bar, and this level has even more confluence stacked on it than the 1D and 3H Order Blocks.
We are talking about the legendary Golden Pocket.
And if you pull a fixed range tool from the Local 4H High, you will find the VAH of that tool sitting beautifully right in the middle of that 6H Inside Bar.
That tells me something important.
The Bears might not even be planning to let the Bulls get anywhere near that 1D and 3H Order Block zone.
They may be looking to shut this whole rally down before it even gets that far.
Now that is a hot level to watch.
Red Elephant
Need More TA? The Elephant Jungle: redelephant818.substack.com/?utm_campaign=profile_chips
Trade On KCEX Lowest Fees: kcex.com/register?inviteCode=TV04VP
Follow On X (Twitter): x.com/RedElephant818
Need More TA? The Elephant Jungle: redelephant818.substack.com/?utm_campaign=profile_chips
Trade On KCEX Lowest Fees: kcex.com/register?inviteCode=TV04VP
Follow On X (Twitter): x.com/RedElephant818
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Red Elephant
Need More TA? The Elephant Jungle: redelephant818.substack.com/?utm_campaign=profile_chips
Trade On KCEX Lowest Fees: kcex.com/register?inviteCode=TV04VP
Follow On X (Twitter): x.com/RedElephant818
Need More TA? The Elephant Jungle: redelephant818.substack.com/?utm_campaign=profile_chips
Trade On KCEX Lowest Fees: kcex.com/register?inviteCode=TV04VP
Follow On X (Twitter): x.com/RedElephant818
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.