Price broke through several trendlines. A double top or daily consolidation was also broken. The market has shifted downward, leaving some FVGs behind. Price may retreat to close those gaps. Bearish breaker candles coincide with the bearish order block, and both coincide with the 50% Fibonacci retracement, making that area a resistance zone. The zone also coincides with the downtrend resistance line. In general, this zone offers a better chance of retracement.
Economic analysis suggests that the upcoming NFP will be higher than expected, owing to lower initial jobless claims and higher JOLTS job openings so far.
Economic analysis suggests that the upcoming NFP will be higher than expected, owing to lower initial jobless claims and higher JOLTS job openings so far.
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