Therefore there is a bias to move down into Friday's lows.
Friday's 5-day lows will go close to matching the Weekly 50% levels.
Because there is a change of the 3-day cycle which can lead to a 2-day reversal, then the 5-day lows on Friday are random support levels"
Premium Trader
DOW Weekly and 5-day pattern
Thursday's breakout of the 3-day cycle and continuation down into the Weekly 50% level on Friday provided a robust swing trade (random length).
This pattern and position of the higher timeframe dynamic patterns and Friday's matching support, will often produce a 1/2-day reversal back towards the original breakout the day after.
Weekly report out later
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