Anytime price repeatedly gets rejected at a clear level, and then briefly breaks above it but fails to hold, it can signal weakening bullish momentum.
In this type of structure, the bias may remain bearish unless price reclaims those highs or establishes strength by breaking above the deviation high.
This is a commonly used setup in technical analysis, especially in bearish market conditions. As always, it’s important to combine this with proper risk management and confirmation rather than relying on a single signal.
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