Apr. 21 at 9:31 PM
$PSX setting up a clean pivot reversal and the tape is starting to agree
Price respected ascending support AGAIN, and yesterday’s inside doji screamed indecision at the lows. Today? Buyers stepped in with authority — bullish continuation candle confirming demand is real at this level
This is how reversals start: compression → reclaim → momentum shift
MACD curling up toward signal = early trend change signals flashing. Not full confirmation yet, but definitely improving
Only catch: 50 EMA overhead acting as near-term resistance. That’s the battleground — if bulls clear it, this could squeeze higher fast.
Psychology check:
Buyers defending support aggressively
Sellers losing control, but not gone yet
I’m watching this closely — risk/reward shaping up nicely if momentum follows through.