The Bulls Might Need A Time Out
The Bulls are currently trying to get back above the Local POC, but that Local POC is doing a pretty good job of playing resistance for the Bears.
Since coming back up into the Local POC, the Bulls have now been rejected for the fourth time, and that is not a good sign for the Bulls. At some point, you have to wonder if they are going to stop knocking on that door and realize nobody is letting them in.
Maybe the Bulls need to call a time out and let price retrace back down to the 6H Order Block, where they can regroup, catch their breath, and hopefully find the strength for another bounce.
Because whatever they are doing right now, it just isn’t working.
Four rejections from the same area is starting to look less like bad luck and more like the Bears are building a wall.