$XNY recently showed a red candle on the 15M timeframe, signaling a potential loss of short-term momentum. This is a textbook example of how intraday momentum can shift after a strong move.

Technical Takeaways (For Learning):

Red candle formation often indicates buyers losing control or a temporary pullback

Price near the prior entry or support zone can act as a decision point for market structure

Momentum readings on short timeframes help traders observe potential slowing or reversals

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