The Bulls just won’t give in as they continue fighting their way through the 1D Order Block. Yesterday they took a little smacking from the Bears, but today something has changed.
The Macro POC has shifted from Bearish resistance at 104,657.2 to Bullish support at 63,923.5.
What does that mean?
Could this be the beginning of a Bull breakout, or will the Bears step in, push price back below the line, and turn this POC into resistance once again?
I told you this was going to be an interesting week, and so far it has not disappointed.
Today is the final trading day of the week before volume starts to dry up over the weekend, which means both sides have one last chance to make a statement.
So who is going to land the knockout punch, the Bulls or the Bears?