$CSCO broke its October range floor and is now bouncing. I'm bearish, but I'm not selling here. I'm waiting for the bounce to reach the zone where the broken support should act as resistance. Early November the box floor gave way on the heaviest volume in 50 sessions. The rebound since then has come on roughly half that volume. Relief bounce, not fresh demand. - All four technical methods point short. - 4h moving averages are fully stacked bearish. - No bullish divergence on 1h, 4h or daily to suggest a bottom. The overlap matters because broken support, the daily 200 EMA, the 4h 20 EMA and an unfilled gap all sit within a narrow band above price. ICT view: price is in the discount half of the last down leg, so shorting it is poor location. The plan is to sell only a retrace into the premium side, ideally after a lower timeframe structure break confirms the bounce is done. I'm wrong if price clears the last lower high. That breaks the lower-high sequence and the bearish structure with it. Risks: CPI tonight and earnings later this week can gap the stock 8-10% in a day. If it drops without retesting the zone, I stay flat rather than chase. Published by YTIlab · OMNISIGHT REPORT Not investment advice. All decisions and responsibility are your own.