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Price is pushing higher, but momentum looks like it’s starting to slow as it taps into supply. The move feels a bit extended, and continuation isn’t as strong as before.
Instead of clean expansion, we’re seeing signs of possible seller absorption — which could lead to a pullback if this level holds.
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The Market Leaves Clues Before Every Major Move Before a big trend begins, you’ll see: - higher highs - higher lows - volume expansion - leadership rotation - clean breakouts
Before a trend ends, you’ll see: - failed breakouts - heavy selling - weak rallies - distribution volume - loss of leadership