Expectation weekly trend would push lower this week, with the 2nd break confirmed on Wednesday.My expectation is that the Weekly trend will continue down this week, but along the way price will try and rotate upwards.
We have already seen this occur from Wednesdays lows, with the expectation that price will swing back into the 5-day 50% levels.....
Risk levels in both markets are the 5-day 50% levels.
These are my resistance levels on Thursday.
Looking at statistical patterns:- a down-trending weekly pattern can often
re-test the 5-day 50% level before resuming the downward trend
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