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#GC Short
The downward movement(short position on EU session) ended with the EnR Situation. Then pullback with inexpressive Demand. In premarket, first Attempt form Sellers. After the market opens Effort no Result situation from Buyers.
n the EU session there was Supply more than Demand.
At 7:30 was the news. The price made a rapid downward movement, then ran upstairs. Demand has increased sharply. Easy movement.
I would describe this area like this. Quite a quick return to the level of 2409-10, from where the price started down at 7:30, I did not expect the price to break through and go up immediately. There even appeared a fairly aggressive finish at 8:08-8:10. Then a slight increase in price and a drop in demand, it dried up. Then the downward Pattern(144) made me understand that the price had stopped moving upward, but there was no Supply for the Shorts. Then there is a weak downward movement and Pattern(131). The numerical value is even smaller, that is, the Offer is weaker. Additionally, the lower indicators did not show an increase in values during this movement. So I viewed it as a Pullback. Since this was the most active time in the market, I expected a continuation.
