Aug. 5 at 4:27 PM
This is why waiting for confirmation matters.
Yesterday:
After an extreme 4-day rally,
$MAGS stalled below horizontal double-top resistance. The setup looked like a possible rejection.
Earlier today:
Price gapped above resistance and pushed to new 2-month highs. Bulls appeared ready for a breakout toward new highs.
Now:
Green turned into red.
$MAGS failed back below the key resistance level and is now attempting a major daily reversal.
No hype, no noise — just structured ideas, important levels, and the thought process behind each setup.