Yeah, the scenario with immediate weakness leaving the poor high unresolved is currently in play, which should attract stronger buyers at lower prices. Generally, as long as weekly support holds, the expectation is that this pullback is primarily driven by long liquidation rather than stronger sellers.
Thank you, buddy! A fantastic way to kick off the week ahead.
Thanks! The levels were spot on. It’s shaping up to be an interesting rest of the week with the poor high still intact.
Yeah, the scenario with immediate weakness leaving the poor high unresolved is currently in play, which should attract stronger buyers at lower prices. Generally, as long as weekly support holds, the expectation is that this pullback is primarily driven by long liquidation rather than stronger sellers.
Agree!