Still below broken trend line.. so yes. Some shaking out action was expected. Only a weekly close above previous high and above the broken line will violate this analysis
leokaplin
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so tomorrow will be HUGE selloff...you are saying?
themarketzone
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Either a sell of (not sure that tomorrow will be huge) or small rally. I can't predict the future. I can only act on a setup that gives low risk and potential high reward. If after the FOMC the technical situation will remain the same (meaning the setup will be valid), i think it will be a great R/R trade.
themarketzone
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Everything ok so far.. I liked the price action today, especially the small sell off after meeting the trendline