Does $INIT give back the 0.200 flip before it can build on this 73 percent expansion?
Price ran a vertical BOS through 0.1840 and the old 0.2000 swing high sweeping the 0.223 wick and leaving an imbalance at 0.165-0.186.
Still stretched well above both EMAs after the 0.1171 base so l expect a refill into that gap rather than a clean launch from here.
Bids at 0.2000 then the 0.186-0.165 imbalance are where continuation gets its footing losing 0.145 flips the read.
Where would you want the retrace to stop before you trust the next leg?
Price ran a vertical BOS through 0.1840 and the old 0.2000 swing high sweeping the 0.223 wick and leaving an imbalance at 0.165-0.186.
Still stretched well above both EMAs after the 0.1171 base so l expect a refill into that gap rather than a clean launch from here.
Bids at 0.2000 then the 0.186-0.165 imbalance are where continuation gets its footing losing 0.145 flips the read.
Where would you want the retrace to stop before you trust the next leg?
