We expected a pullback with a pattern ABCD, but this failed. As mentioned yesterday in Chat, with the cancellation of ABCD we could see a harmonic pattern, with the condition of maintaining the relative maximum. With a breakout of the highs, we should compare with the model that we published a few days ago (see chart below).
Today the market will focus on the ADP NFP and I invite you to read our opinion published on the graph below.
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What kind of reversal signs would you expect forming @ "area 51" in order to initiate long position ? Or you would simply have a pending buy order at that level ?
What kind of reversal signs would you expect forming @ "area 51" in order to initiate long position ? Or you would simply have a pending buy order at that level ?