After printing the B of the ABC-correction, price tried to push higher but did not succeed. The retest even closed lower than the body close of the B.
Price tried to pushed higher today at the beginning of the day but was rejected, not indicating that bulls are taking over here.
What we can notice, is that the 3 swing lows are all 3 untested, indicating that below those swing lows there is most likely a lot of liquidity. Therefore we expect a sweep of these lows before initiating a push higher.
