After collapsing from 24.5 down to 6.2, price snapped back to 13.7 and has now slid to 9.07, heading toward a retest of the recent 8.6 low.
Four of six methods point up, and three signals stack at 8.3-8.8: selling volume dried up, the bounce gave back half its gain, and older lows cluster there.
If the prior lows at 8.6 and then 7.9 both give way, the whole premise for a rebound is gone, which is exactly why the stop sits just below them at 7.62.
The full analysis is for members
Analysis by methodology (ICT, Wyckoff, Elliott, divergence, macro, news), invalidation levels, R:R and confidence are in the member report.
