After bullish BOS expectation is for price to pullback.
We have nested Daily and H4 supply levels where price is expected to initiate pullback.
CHoCH is positioned at quite a distance away from current price, therefore, there is a possibility price could engineer a CHoCH closer to current price to indicate initiation of pullback.
Intraday expectation: Price to continue bullish, react at nested Daily and H4 POI levels to start pullback phase.
H4 Chart:
M15 Analysis:
-> Swing: Bullish. -> Internal: Bullish.
Price has printed a printed a bullish BOS and iBOS
After BOS we expect price to pullback.
First indication, but not confirmation of pullback initiation would be for price to print a bearish CHoCH which is denoted with a blue dotted line.
Intraday expectation: Price to react at nested Daily and H4 POI levels to initiate pullback.
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