Flow Assessment
- Price is in an overall uptrend, thus giving a buy bias. The sellers in the pullback have come in multiple pushes, suggesting profit-taking not a swing reversal
Location Assessment
- Price has come back to the level where strong buyers pushed up to create a higher high (HH) for the first time, thus making this a good location to buy as there are likely to be more buy orders waiting at these levels
Momentum Assessment
- We waited for evidence of strong buyers emerging from the level for our entry trigger
