I had two set-ups for swing and momentum traders this week:-
1. Trade the 5-day 50% level direction as it followed the sell-off pattern into November lows.
1. Trade the 5-day 50% level direction as it followed the sell-off pattern into November lows.
2. Trade the Wednesday swing from lower support levels, however after the initial exit, the follow through on the upside didn’t continue.
Support is still valid around the Monthly and Weekly lows, but for the rest of this week there will be two possibilities defined by the 5-day 50% level....
US report continues below….
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