We're boxed in — weekly open overhead at $4.59, yesterday's low support at $4.35.
Last move? Classic stop hunt. Buyers got swept at $5.45 and now we're back in the pocket.
The setup: Near-term trades to yesterday's low at $4.35. That's the magnet.
Invalidation: Close above the weekly open at $4.59 and this read is dead.
One call. One line in the sand. Risk it or skip it.
Last move? Classic stop hunt. Buyers got swept at $5.45 and now we're back in the pocket.
The setup: Near-term trades to yesterday's low at $4.35. That's the magnet.
Invalidation: Close above the weekly open at $4.59 and this read is dead.
One call. One line in the sand. Risk it or skip it.