The previous low at 90,888 and the new low at 89,900 are nearly 1,000 points apart. Don’t underestimate this small 1,000-point difference—while it may not affect the major streamers at all, their signals of “bullish if unbroken” led to long positions. Even though the long positions were broken, now the price has recovered, which counts as a false breakout, so the long analysis was correct. On the other hand, the signal of “bearish if broken” led to short positions. Since a new low was made, the short analysis was also correct.
With the simple rule “bullish if unbroken, bearish if broken,” you
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