It is true, the price just did a structure. Now they break them and maybe some trader trying to push the price back to previous structure. This create a swap zone where buyer can re-entry. However, the problem is that if the price going for pullback here to respect previous structure on swap zone, price is most likely will not hit my target. It is hard to takeover the momentum after hard pullback here for the buyer. It might take a while before they can hit the target. So I assume that the buyer's performances are weakening here if the price going for a pullback.
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.
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.