The bounce from last week’s low, while noticeable, still carries a weak and corrective appearance. Momentum has not expanded in a way that would typically signal the start of a sustainable bullish reversal. Instead, the structure so far suggests a potential counter-trend move within a larger bearish or sideways framework.
$2,100 Rejection Signals Resistance Flip As a result, the more probable path in his view is a continuation lower toward the higher-timeframe support zone marked in green. That area aligns with the early-April bottoming formation and could provide a stronger foundation for a more sustainable bullish reversal attempt.
