In my previous post I mentioned that a pullback was soon to happen. We saw price shoot higher in anticipation for delivery numbers. Now that the pullback has happened I think there will be two possible outcomes. If the price rises but does not make a new high, I consider that a break of structure and I would be looking for a short position. However, if price continues to drop further into my imbalance area, I will be looking for a buy entry. Once levels have risen/fell to my key areas, I will update this post.
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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.