Jul. 6 at 2:26 PM
$BP showing what looks like an abandoned baby print right on ascending trendline support last week. Rare 3-candle structure and it stands out because of the way sentiment flipped fast.
Gap down into a standalone doji, then immediate gap up next session, leaving that doji isolated in the middle. In plain terms, sellers had control, then total indecision hit, and buyers stepped in aggressively right after, trapping late shorts and shifting momentum.
What I’m watching here is confluence. RSI bounced from sub-30 oversold into low 30s, MACD is flattening and starting to curl higher, and Thursday volume came in with clear accumulation rather than distribution.
This is not a confirmed reversal yet, but it is a clean pivot attempt forming at structural support. If follow-through holds, risk is defined and the reward side opens up quickly on momentum expansion.
