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The chart looks like missing a revisit of the low for a solid bottom.
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Intraday: If a trade below the red line, the gap play is failing. gap and no go. any lower trade will also triggered sell the rip setup on swing trade. sooo....today is transition point for these two time frames, it could be a little messy for NON-Multi-time frame traders.
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If we trade lower today, we will get some sort of bearish piercing candle following bearish island reversal/shooting star. not good outlook for the bulls. but this crazy move with rate cut expectation so high, yesterday CPI, And now....Friday PPI could still get March rate cut. LOL , well only price pays and stick to your time frame of a trade, market will come to its norm hopefully.
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Typically the rebound here means the low was in for today.
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Test the day high with biggest bull bar so could be an exhaustion bar therefore might be a pullback here first which likely would be bought later.
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