After a sharp sell-off, price has shown a strong bullish reaction from the lower zone, forming a clean rebound with aggressive buying strength. The impulsive push back above the previous range signals that sellers are losing control, and this move looks more like a reversal leg rather than a simple bounce. As long as price holds above the reclaimed level, upside continuation remains favored.
Short Outlook of Market: Momentum has shifted in favor of buyers. Pullbacks into support can offer continuation opportunities, while failure to hold the reclaimed zone would invalidate the bullish scenario.