This market is fractal, just press play.
Re-accumulation structures like this have happened before (in the same season), with higher lows, equal lows or lower lows as we see right now. A failed mark-up into range lows with HTFs entering oversold is usually followed by a period of re-accumulation which can take several months. Patience will get rewarded, a successful mark-up will come.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.