May. 24 at 8:44 PM
$OR
Weekly structure is still in a broader uptrend, but right now it’s clearly in a digestion phase.
Last week printed a bearish continuation candle right at the 50 EMA, and MACD momentum is still expanding lower — not ideal for immediate longs.
RSI around 46 also shows momentum is neutral-to-weak, so bulls haven’t really stepped back in yet.
At this stage, it’s more about patience than prediction:
either we get a clean pivot off the 50 EMA / ascending support, or this pullback extends further before trend continuation resumes.
Trend is intact… just not actionable yet.
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