Keep in mind if price action does not validate at the anticipated levels, it is possible to enter scalp traders on continuation patterns that follow the initial push off the . The point of this analysis is to provide levels to anticipate if price can get back to these levels. If not, then further evaluation is required before any positions can be justified. Also keep in mind, as a buyer, make sure the SPY or the S&P are also showing signs of strength. I
If the broader markets are weak, price has a greater chance of violating these support levels.
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