Pre-close View… Still trending.

Was a bottoming opportunity discarded?

I had described the Lunch Hour reversal setup, which isolates a probe under the morning’s low to the noon hour. Enter and exit the noon hour above the morning’s (~2054.00)  low, rejecting an interim dip to fresh lows.

It might not be the low, but it is often the momentum low. If it’s the momentum low, then the  noon hour’s low can be retested during the bias environment’s exit. But that, too, must be isolated and recovered into the final hour.

The noon hour’s low was retested. But the final hour wasn’t entered back above 2054.00. The noon hour low’s retest isn’t being rejected, not on a timely basis, making it less likely to have been a momentum low.

Sellers are being eerily patient. The noon hour’s 2049.00 low is still being overlapped, and the 2045.50 low of its retest hasn’t been probed since entering the final hour. The final hour vulnerability to a short-squeeze notwithstanding, lower lows are likely.