Higher Weekly open breaks the 5-day 50% level and price follows a Top-to-Bottom Weekly timeframe?
If this is the case then expectation price continues down towards the Weekly 50% level 3611"
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SPI Weekly and 5-day pattern
Today was all about the 5-day 50% level...
Once price open and started trading below, price followed the breakout pattern and headed down into the Weekly 50% level @ 3611 finding random support.
1 day left for the trading week, and there is an expectation of lower prices....
but the SPI can also swing back upwards and retest the break.
That will depend on US markets on Wednesday, as they are trading around their Monthly 50% levels.
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