bounce loosing footing. tech first hit.
the fundamental aspects of why weve bounced are still very much up in the air. this is causing uncertainty, and thats leading to profit taking. from a technical standpoint the rebound is strong, but if we zoom in we find momentum has not completed a reversal. id imagine this means we are in for a revisit of signal, estimate, sss ma and finally bottom of envelope. i wouldnt discount the potential for continued upside, but weve peeked into the sss supply zone and so far the resistance is quite strong.
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