Thursday's 5-day breakout, therefore the expectation price is moving down.
The ideal pattern for global markets would be to see US markets move down into Friday's support and then swing upwards into the 5-day 50% level in late trading. And not the other way around
Note:- Friday's trend bias should be defined by Thursday's 5-day lows"
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DOW and S&P 5-day pattern
1000 point trading range on the DOW on Friday does constitute a wild and volatile day.
It started with US markets selling down from Thursday's 5-day low and heading down into Friday's support zones, sadly it just didn't get down far enough into precise support zones.
And then a late reversal back towards the 5-day 50% level...
Weekly Report out later....
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