my guess because the previous rebound (solid blue arrow) was weaker but still 2 legged, so this time the rebound which so far is stronger should be 2 legged too.
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July 1 is possibly the most consistently bullish day of the year, by certain metrics. It may be that prices drift down into the formal 'close' of trading-- and then begin to float up in the afterhours.
wrong guess but volume surge so could be a rebound first in the next couple of bars then we'll see.
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