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Maybe a price channel here so the pullback is to test the channel lower boundary.
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No sharp rebound in the next couple of bars then it could be a downtrend day which usually has a sharp rebound before the close though.
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Guess the low was in. Bears are useless as always.
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Intraday: New swing low today, it is bearish, if we pay attention to 5 DMA, the sell off is quite strong. for day trade find excuse to sell under 38.2% same playbook.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
Internals: sellers are back, well, they were here many many time before but life is so good out there, people eat and shop like there's no tomorrow still. be careful buyers! peace!
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My comments are for entertainment/educational purpose only. NOT a trade advice.
60% chances the pullback would be bought. 40% the rebound was a vacuum up now vacuum down directly to the day low.
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