US500 on the M15 chart has just exited a sharp bullish rally that peaked at a high level. The spike was accompanied by a surge in volume, indicating a temporary surge in buying interest. However, the subsequent candles show a clear retracement, with the close falling back to a lower level and then slipping below the previous high. The volume has tapered off to modest levels, suggesting diminishing momentum. The price is now approaching a key support zone that was the recent low after the rally. The trend is bearish, and the current price sits near a resistance level that…

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