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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