DOW Futures Daily 18th Dec 2009 recap

"There is a 5-day low breakout on Thursday and this normally favours a continuation down on Friday (below Weekly 50% levels)

I favour 50% level resistance & down but remaining inside the 5-day range on Friday"

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DOW Weekly and 5-day pattern


Thursday’s reversal pattern and breakout of the 5-day range, resulted in a high probability rejection pattern on Friday using the 50% levels & down into the lows.

At this stage the trend next week is going to be defined by the Weekly 50% levels.







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