There are basically 3 possibilities from here for Thursday's move:
1. Move down till yesterday's price congestion zone bottom and them move up
2. Move up till PDH and then a weak PB and then BO
3. BO and a weak PB => BPB
The up move from the low of Tuseday was very strong yesterday morning. The subsequent sideways move till the afternoon was very weak. Again the subsequent up move was very strong and the end of the day down move or the last two candles were still weak. Hence option 2 and 3 are the most preferred options.
Will observe the price candle by candle in TTF and see which of the path market takes. Or will it take a completely different path?
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