MARKET UPDATE: Scenario 1 ended up playing out with “The 3h 200 EMA being the near term low where we would anticipate the 5m 200 EMA to provide support allowing price to begin its oversold counter micro-trend bull rally without getting oversold on the 4h… price is likely to get rejected at 4h 60% RSI level printing a lower high than the pivot high at $10,500...
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