PSTG – Pullback Into Higher Timeframe Demand After Strong ExpansPure Storage, Inc.BATS:PSTGBinMhusienHigher Timeframe Context On the Monthly and Weekly charts, PSTG completed a strong impulsive expansion from a long accumulation range, followed by a healthy corrective move. Price is now pulling back into a key HTF demand zone around 55–62, which aligns with: Prior breakout base The rising 20-period moving average (Weekly & Monthly) Structural higher low zone This gives the area high technical confluence. Weekly Structure Overall structure remains bullish Current move is a corrective pullback, not trend failure Price still above major monthly structure support As long as demand holds, the higher timeframe trend remains intact. Daily Timeframe Insight On the Daily chart: Clear bearish correction (lower highs) Strong momentum into demand (capitulation-like move) Early slowing of downside pressure near demand This suggests potential accumulation, but confirmation is required. Trade Scenarios 🔹 Bullish Continuation Scenario Demand zone 55–62 holds Daily structure shift (higher low or bullish engulfing) Reclaim of the daily 20 MA adds confirmation 📈 Targets: 72–75 (daily MA / first resistance) 85–90 (previous distribution zone) 🔹 Invalidation Weekly close below 55 Would signal deeper correction toward prior monthly base Risk & Execution Note This is a location-based setup, not a market order trade. Wait for confirmation on lower timeframes to define risk. Think of this zone as a launchpad: If it holds, continuation follows — if it fails, patience pays. 💬 Are you looking for continuation plays after expansion, or waiting for deeper discount levels?