Crossover and break of the 5-day 50% level is the first sign that support around the January lows has been verified.Tomorrow ( Friday) the convergence of both the daily ranges together, gives traders a clear 'breakout' level for a continuation of the reversal back towards the Weekly 50% level...
Above that level on Friday and it's hold the longs into close....... (full report later)
If long I would partial exit around the both channel highs on Thursday
12955 on the DOW and 1438 on E-minis, and hold....... still the probability of Weekly timeframe closing around the middle of the range
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