To me it looked like a rejection as if price wasn't meant to be there.
There's also a change of structure. It's trying to hold the first higher lower since Aug / Sept.
The sell off / retest was quick and bought back up, which is encouraging, but don't think we are done here quite yet.
Looking at the order book, there is a lack of urgency ATM, but IMO some positives as it looks like accumulation at the low 4's.
When / if that higher low happens, we'll be on for more regular type trading rather than a slow sell off testing everyones thresholds.
The shorts also went to zero, but there has been a very small amount put back on, it wont take much for them to go away, everyone want's to buy at the lows.
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