Last Week we had a 2-day support and a 3rd day rejection down into the 5-day lows once again.
Even though the expectation is that the SPI is moving lower, when Price is around the 5-day lows the expectation is that Price will find support and rotate back upwards....
Ideally an UP move into the Weekly 50% level and rejection down would be an ideal pattern.
B. Opens around 5708 moves up 44 points:- after that move it becomes a random pattern :- either continues back towards the Weekly 50% level, or reverses down from an R44 Spiral top.....
SPI 15:55
SPI opens lower swings up 44 points and moves into a 44 point rotation pattern, which provided some ideal swing trades today, and into the 4th 'money pattern'
Nice day's trading....
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