EFOI - Pullback May Be Imminent

Description on chart.

Follow-up to previous idea.
May present great short idea for pullback to levels indicated within the bright-green dashed lines.

Use risk management and a stoploss, always!

Cheers!

Note

NOTE: The Green box that reads 'May see a reversal into this zone ' is mispelled :-)
AND: I don't mean price will extend to the box itself and where it is on the chart, it only refers to where the dashed lines are, just to clarify. ⚡

Note

A more detailed view for reference.
NOTE 1: Corrective-Wave - A, has formed shortly after posting.
NOTE 2: Notice the average pullback cluster area in the shaded box, sits neatly on top of a High-Volume node / Heavy Support level.

Note

BEARISH DIVERGENCES ON OSCILLATORS IN MULTIPLE TIME FRAMES CAN BE VIEWED BELOW
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⬇ 1HR ON LEFT, 4H ON RIGHT ⬇

⬇ 12HR ON LEFT, 1D ON RIGHT ⬇

⬇ 2D ON LEFT, 3D ON RIGHT ⬇

Note

First Gann Angle giving directional support and resistance drawn after Corrective Leg A Formed
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Trade closed manually

Analysis would have been accurate but 1/5 Split occurred

Gann-Mode

Related publications

EFOI - Near Potential Explosive Upmove

by Gann-Mode

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