$MUB 7 hit a new intraday low; the current price is 957.8, and the previous low was 963.49.
After a new low, the price usually moves in one of three ways:
① It rebounds to the previous low and then falls back: weakness continues
② It moves sideways near the previous low: consolidation, awaiting direction
③ It quickly recovers above the previous low and holds: a false breakdown
It is currently below the previous low. Watch to see whether it follows ① or ②.
#MUB
After a new low, the price usually moves in one of three ways:
① It rebounds to the previous low and then falls back: weakness continues
② It moves sideways near the previous low: consolidation, awaiting direction
③ It quickly recovers above the previous low and holds: a false breakdown
It is currently below the previous low. Watch to see whether it follows ① or ②.
#MUB