Discover more from Advised Trader
Its pretty apparent liquidity was left on the bid here at 935 cst, resulting in a place to do business long or buying, in the future, should price pass back through up on some sort of fake out.
Right now it looks as if it is waiting for something.
But its a buy condition based on the probable 20 day cycle
bottoming around here.
Anything can happen. When the trading gets very two sided like this.
I think the rest it is taking will enable buying later today.
If it goes through the pre market low on volume, quickly in some sort of failure, its best to take pullback shorts