E-mini and DOW have moved higher on Friday, breaking the 3-day highs and rotating back towards the December 50% levels.
Even after 3-days of sideways price action, and Wednesday's lower close, there was a forewarning that a move higher was more likely into Friday.
I've have described the 'RISES' in the forward weekly timeframe in the book, along with the 'DROPS'.
So what happens when markets break the 3-day cycle?
The Expectation is that price will rotate back down into the break and/or the 3-day lows again. This reversal pattern has even more reason to reverse back down:- higher Weekly close will rotate back down for 2-days.......
Full Weekly report out later
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