Price breaks a key level, creates a retest. We then wait for price to reject the key level and begin a new down trend. The added confluence of waiting for price to shift from an uptrend push phase to a downtrend on the retest by waiting for price the break previous structures is key.
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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.