$AERO 30-day low, current price 0.6228, previous low 0.6343.
Three common patterns after a new low:
① A rebound gets pushed back down as soon as it touches the previous low: the downtrend continues
② Repeated tug-of-war around the previous low: turnover; watch for direction
③ Quickly reclaim and hold above the previous low: false breakdown
Currently below the previous low; watch whether it’s ① or ②.
#AERO
Three common patterns after a new low:
① A rebound gets pushed back down as soon as it touches the previous low: the downtrend continues
② Repeated tug-of-war around the previous low: turnover; watch for direction
③ Quickly reclaim and hold above the previous low: false breakdown
Currently below the previous low; watch whether it’s ① or ②.
#AERO