And remember, a loss of a zone is not a 1 minute candle breech. There's no definite measure of what a loss of a zone is; however, many people like to see a 30 min or 1 hr candle close below and stay below that area before it's a true failure. A few trades below a zone like this can often be a fake-out to snag some stops. I can't tell you what a true failure is....if any of you can, please share!
I should add, if they lose that zone we probably fill the gap and see whatβs at 4260. Failure to hold here and I expect a rotation lower.
— Aaron Rentfrew ππππ (@livingrightco) March 11, 2022