We had another scam wick to the upside today, during the Asia session (someone is stocking up). This time price did not manage to sweep liquidity above the previous week's high (PWH), which is swing high at the moment, as it sold off before it reached that level. If we disregard the long wicks for a moment, we can see price is accumulating at the 200 SMA level, which is a good thing, if it holds.

Zooming out, we have a range formed between PWH and PWL and these are the levels to watch. Sooner or later price needs to move out of the range, one direction or another. We'll see which one is going to be.

#hive #trading