Shakeout Below 20EMA, Reclaim Bar at Major SupportTower Semiconductor LtdBATS:TSEMMyViewLabTSEM This chart shows a classic structure where a strong stock pulls back and then attempts to regain strength. Price first formed a clear First Wave, then started to pull back after reaching a higher area. The key point here is not simply whether price briefly lost the short-term moving average. The more important question is how price reacted after that loss. In this case, price briefly undercut the 20EMA area and created a shakeout, but it did not clearly break down through the Major Support zone below. Instead, buyers stepped in near support, and the latest bar reclaimed part of the prior weakness, forming a meaningful Reclaim Bar. Structurally, the setup can be read like this: the First Wave established momentum the Pullback brought price back into a more reasonable area price briefly shook out below the 20EMA area buyers responded above Major Support the Reclaim Bar shows buyers attempting to take control again However, one distinction is important: a reclaim bar does not automatically mean full confirmation. What matters next is follow-through: can price hold the major support zone can it stay above the reclaim bar area can it move back toward the prior pullback high if price loses the shakeout low / support zone again, the structure needs to be re-evaluated The main lesson is simple: a healthy pullback does not always need to hold every short-term moving average perfectly. What matters more is whether the breakdown becomes real weakness, or whether it is absorbed as a shakeout before reclaim. At this stage, the setup is worth monitoring as a reclaim attempt, but stronger confirmation still depends on follow-through. Educational example only, not financial advice.