1). Apparently, there may be a 3rd. Rate-cut in Dec., which is typically great for Risk Assets! 2). Corrective Waves ABC look exhausted on the drop! 3). Volume is increasing! 4). Huge trend support! 5). Huge Fib. support @ 50% Fib level is providing demand and not likely going to make it to the 38.2 Fib. ratio! 6). MACD is likely maxed on the drop. 7). If the lower correction is over... X-mas rally may begin early!
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Notice the Volume profile & upward thrust on Friday's Green candlestick, which is likely wave 1 North!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.