so the down move pre market to below the previous days range was a liquidation break
a liquidation break takes out sellers
then the final sellers were burned thru in the value area
H again just as in real estate the key to success location location below the previous days low is a good location providing the rally comes back into the value area
expanded H pattern bottoms first of all all indices should bottom together
sometime the H is expanded going past the bottom of H and bottoming at fib 1.21 (top of h to bottom of H)
that happened today
additionally when ticks hit -1000 at 1:30 sellers are weakening
then at 1:55 ticks failed to make a new low now when you see 15 candles do the 1 time frame this is confirmation PEDAL to THE MEDAL spy calls then tripled
bottom of ES value area also. so a bunch of signals.