Since we took a look back at the charts on Sunday, the Bulls are still trying to work their way through the 1D Order Block, and so far, it doesn’t seem to be going very well.
But you can’t count the Bulls out just yet, because the Bears have only been holding the line. They haven’t really given us any pushback that says they are actually in control.
So once again, we find ourselves back in the Jungle, watching a good old fashioned Tug of War between the Bulls and the Bears. Both sides are pulling with everything they have, but sooner or later, somebody is going to lose their grip.
And whoever wins this battle will most likely have control of the market for the rest of the week.
The question is, will the Bulls finally break through the 1D Order Block, or will the Bears hold the line and send them right back down?