Price got a break above structure - attempted to break above higher trend line, but failed - first break of structure got respected - trend line respected - traces back to first break of structure and attempts to move up again before the structure crumbles and price now attempts to move on the other side, back to where it came from. Reversal entry will aim for 25% of major pullback.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.