Repeat of Late Apr-May lows & rally

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The chart shows the SPDR S&P 500 ETF Trust (SPY) on a 1-hour timeframe, with a pattern appearing to be repeating itself from late April/May(Liberation day announcements) dip and then boot and rally from trade announcements, all marked by colored lines.

The colored lines (blue, red, purple) highlight a recurring price action setup. Each set of lines seems to mark a sequence of movements:

Blue: Sharp drop, then gap up
Red: Consolidation at a lower higher from gap up, return to high, consolidation back lower at previous lower high
Purple: Breakout & reversal upward.



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