A failed IMB is not dead. It just changed sides.

We expect an IMB to push price into a NEW BoS or MSB. That is its purpose. Price clears the MAIN TARGET, drops, and that new BoS never comes. Purpose failed. Now ask one simple question: where does that FAILED IMB sit? Above price, it becomes RESISTANCE. Below price, it becomes SUPPORT. Do not throw it away just because it failed. Mark it, and let it give you extra confluence on the next move. #SmartMoneyConcepts #PriceAction #Imbalance

Leave a comment