Welcome to your STRATEGY: Part 2

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1. Identify a clear example of a good pullback that happened in the market:

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2. When price breaks below a previously established support level, what typically happens?

3. When identifying support and resistance levels, which part of the candlesticks should be considered primarily?

4. What do we do during an uptrend?

5. Select the correct Fibonacci retracement level application:

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6. What is the primary purpose of using the Fibonacci Retracement tool in trading?

7. Who is credited with introducing the Fibonacci sequence to the Western world, which has since become a valuable tool in trading and various fields?

8. How can Fibonacci extensions assist in identifying potential points where a price move might be considered complete?

9. Select the correct imbalance in the market:

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10. What is the general principle behind the concept that price tends to "fill" imbalances after they've been left behind?

11. How can imbalances in price be effectively utilized as a strategy?

12. In trading, what is the general principle regarding the strength of imbalances on different timeframes?

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