E-miniBounced off support and moved higher, but there is alot of resistance around these upper levels when we look higher timeframes and Weekly charts.
With the breakout of the 3-day cycle range on Monday, I was looking for a 2-day consolidating pattern before any higher close on Friday could play out:- today is the first, and on Thursday will be the 2nd day using the same levels.
DOW intraday
Expectation that DOW would come down and test support. With under 2 hours to go before the session closes the expectation that price should come down and complete the R144 range and re-test the 5-day high breakout of 12600.
Full US report later.....
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