has two cycles playing under the hood here, a major cycle which lasted for more than 54 trading hour and it had just bottomed out today, and a minor cycle which was expected to continue for a while a minor "downtrend" causing the "w" shape in the overall trend, but early in this morning we got a very optimistic news about the Brexit process which ended up this cycle early as we all saw in the 1H rally candle!
Currently, the two cycles just bottomed out causing a very strong and Important support area
, and I'm expecting a bullish
phase in the market the upcoming days, AS LONG AS THE MARKET DOESN'T BREAK BELOW THE LAST BOTTOM OF THE BOTTOMED CYCLE, THIS SCENARIO IS VALID.
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