We just witnessed a monster bullish run — straight from 1.874 all the way to 9.9206 🔥 Strong impulsive green candles, clean structure, and now we’re seeing the first real pullback after that massive spike candle.
Key things I’m watching right now:
• Imbalance (IMB) zone clearly visible on the chart (the dark blue box area) — this is the most important level for the next move. • Price is currently consolidating right above the IMB after the sharp rejection from 9.92. • Volume is still supporting the uptrend, but we need confirmation on the retest.
BUY OR SELL? Bullish case (BUY the dip): Retest of the IMB holds + strong bounce = continuation to new highs (10+ easily in play).
Bearish case (SELL): Loss of the IMB + break below the last swing low = deeper correction back to 7.0 – 6.5 area.
My bias right now? Bullish bias on the dip as long as the IMB holds. Structure is still very clean and the trend is intact.
What’s your take? Drop your thoughts 👇 Are you buying this pullback or waiting for more confirmation?