It is been observed on daily chart that the price action forms a Bearish Pin BarCandlestick formation indicating Buyers exhaution and Sellers taking over the price action. It shall further put the price action down to previous support levels at around 74.
Today, Another Exhaustion Candlestick shall be made, indicating higher price rejection or greater consupmption of selling contracts on higher price levels. Regards
@tvc1, I have taken the high of the solid green candle and not the wick as wick indicates price rejection. Another reason behind that is risk management. I'm glad you asked this question. Thanks, Regards