This is why this morning many people commented asking if L is done yet, but G said "the market is full of traps, so we have to wait for the break above 94.9 first, if it hasn't closed above 94.9, it can still go down"
Because it is resistance, it can't be broken through immediately. The technical rebound this afternoon reached as high as 94.812 but ultimately turned back down. That's also normal.
The liquidity in the lower range this afternoon has been cleared out, down to 93.5; but naturally, there are still many new liquidations placed. And whether it will continue to sweep or not, we have to wait, we can't be hasty and must be patient for that reason.
Currently, if the price holds at 93.5, there is a possibility of establishing a double bottom pattern. G will monitor and report later.
(If it breaks down, the next target is 92.9-92.6, everyone!)
💥 Always practice DISCIPLINE in trading: set Stoploss for every order and do not all-in, do not be greedy
💥 Note: I only write personal opinions for you to follow me for more information and reference perspectives. Not investment advice, and there is no group or copy link for you!!!
The market this season is sensitive, all opinions are for the short term!