2-day reversal has a random length, with the first day breaking the Weekly 50% level.
First day reversal broke out of the 5-day lows.....
Text book pattern:- as it follows the continuation of the 2-day down move would be SET-UP A.
Set-up A:- Retest the 5-day break (5-day 50% ) early on Tuesday and then continue down into Tuesday's 5-day lows.
This pattern would complete a 2 day down pattern"
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DOW Weekly and 5-day pattern
Set-up A played out on Tuesday, except the continuation down into Tuesday's lows didn't eventuate.
At this stage the 5-day 50% level has resisted price, but now the 2-day sell pattern has completed.
There is still the expectation of lower prices this week, unless Wednesday 'Hook's back above the Weekly 50% level once again.
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