Post-open Review… Forming an anchor.

Overlapping and congestion won’t easily let go.

The potential target of a corrective bounce is 2020.50. But what is the potential FOR a corrective bounce?

Potential for a corrective bounce had subsided after the open’s blip-down to 2012.25 was recovered up to 2018.25. Support at 2015.25 was probed by 1 point.

Bounce potential was reignited by recovering that probe as quickly as it had developed. Its reaction has now touched 2019.25. The potential FOR a corrective bounce is greater, meaning so is the potential of 2020.50.

Regardless, the open’s congestion and overlapping creates an attraction that will likely attract price back down to it. And likely also through it, down to the 2009.00 objective.