$RLS — bullish rebound building
I’m interested here because the market already flushed weak hands and immediately showed a reaction from a well-defined demand zone. That sharp push into the lows wasn’t followed by panic continuation. Instead, buyers stepped in fast, price bounced, and now it’s stabilizing. That behavior usually signals absorption, not distribution.
I’m reading this as a bullish recovery setup after a controlled selloff. Momentum slowed at the lows, downside pressure weakened, and structure is trying to rotate back upward rather than continue bleeding.
Market read
I’m seeing a