We can see price has broken the high and pushed back down. If this is a liquidity trap trapping buyers could be a potential. As seen above I have 2 zones of interest, if the higher zone is broken I can see the price easily pushing down to the 14500 area.
We will need to check this on lower timeframes over the upcoming week and see if we have a true shift in structure across all timeframes which will once again give us more of a reason to believe it was a buyers trap.
We will need to check this on lower timeframes over the upcoming week and see if we have a true shift in structure across all timeframes which will once again give us more of a reason to believe it was a buyers trap.