$POL 7 new daily low, current price 0.08466, previous low 0.08498.
After a new low, price commonly moves in one of three ways:
① It rebounds to the previous low and gets pushed back down: weakness continues
② It moves back and forth near the previous low: consolidation, direction unclear
③ It quickly recovers the previous low and holds above it: false breakdown
Currently below the previous low; watch to see whether it follows ① or ②.
#POL
After a new low, price commonly moves in one of three ways:
① It rebounds to the previous low and gets pushed back down: weakness continues
② It moves back and forth near the previous low: consolidation, direction unclear
③ It quickly recovers the previous low and holds above it: false breakdown
Currently below the previous low; watch to see whether it follows ① or ②.
#POL
