NQ - a textbook short setup: breakdown-failed-test-plunge

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This is a textbook short setup, break under Monthly Support followed by a bounce back to the broken-support-turned-resistance.
As soon as bulls failed to reclaim the broken support that became a trigger that attracted new shorts.

The Rule of thumb is:
⚠️ when bears manage to break a support and then bulls attempted to reclaim it but fail, bears get reasons to believe that bulls got exhausted and as a result new bears open fresh short positions turning the price down and starting another leg down.

You can get that free Month Opening Range indicator here:
[url=
CAT Month Opening Range
]
CAT Month Opening Range

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