When we look at the medium term trend, this is defined by the Weekly 50% levels and the 3-day cycles, whilst price is trading below both these levels then it verifies the overall Down trend
"Friday’s trading is either going to set-up another wave down or if it closes around the middle of the 5-day range, then next week the 5-day 50% level can be a risk level to trade a 3-day UP move from next week..(Friday Report)"
"Friday’s trading is either going to set-up another wave down or if it closes around the middle of the 5-day range, then next week the 5-day 50% level can be a risk level to trade a 3-day UP move from next week..(Friday Report)"
Index Weekly report continues....
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