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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