π ITC broke below the βΉ258.85 VRZ Low during the session, creating a potential bullish BOF setup. β οΈ However, buyers failed to generate a meaningful recovery toward the broken level. π» Price continued to remain below βΉ258.85 and gradually moved toward the βΉ255 area, keeping the intraday structure weak.
π After the breakdown, price continued forming lower levels beneath the VRZ Low. π Recovery attempts remained shallow and failed to challenge βΉ258.85. 𧱠The inability to reclaim the key zone kept the bearish structure intact and allowed sellers to maintain control.
π― A bullish BOF required a decisive reclaim of βΉ258.85 followed by sustained acceptance above the level. π« That confirmation never developed. π΄ Instead, price continued declining and eventually reached around βΉ255, invalidating the expected bullish reversal.
π» Bearish candles dominated the session after the VRZ Low breakdown. π Selling pressure remained consistent through the morning and early afternoon. π’ Small recovery candles appeared near βΉ255, but they lacked sufficient momentum to challenge the key VRZ level. β οΈ The late consolidation remained well below βΉ258.85.
π― The bullish BOF required confirmation above βΉ258.85. π« Since price never reclaimed and sustained above the level, the reversal remained unconfirmed. β οΈ Entering before confirmation would have increased exposure to continued downside pressure. π§ Waiting for reclaim + acceptance + bullish follow-through would have provided stronger trade validation.
π A breakdown should not automatically be treated as a bullish reversal opportunity. β οΈ When price continues trading below the VRZ Low, the bullish thesis needs to be reassessed. π Using βΉ258.85 as the key validation level helps avoid premature entries while bearish pressure remains active.
𧩠Traders may expect a reversal simply because price has moved significantly below the VRZ Low. π However, ITC showed that a bounce is not enough to confirm a BOF. β οΈ Buyers needed to reclaim and hold βΉ258.85, but that evidence never appeared. π― Confirmation should come from price action, not anticipation.
π βΉ258.85 remained the critical decision level for this ITC setup. π» Price broke below the VRZ Low and failed to recover it throughout the session. π The continued trading below the zone and move toward βΉ255 demonstrated why VRZ reclaim confirmation is essential before validating a bullish BOF.
