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T/F: 1 HOUR
RISK - MEDIUM
- IF TP1 AND TREND LINE IS BROKEN THEN STRONG INDICATION OF FURTHER TARGETS HIT
- SUPPORT BREAKUP...
The technical side;
Supply imbalance - weekly
Daily - manipulation move in the supply zone
1 hour chart shows a wedge pattern which allowed the bullish momentum to correct and look for upside potential, however this failed and we caught the trade during the London open.
If you did not catch this move, this is no problem. Look for a pullback and re-enter...
Got a typical reactionary rally after breakdown from rising wedge. Price moves back to kiss TL then rejects into C leg. This is a minor shallow correction of perhaps ~3%; a pause on road to ultimate ATH.
Gaps to fill down to 2949 on SPX will be the best yardstick for pivot. Buy all-in when price fills that gap IMO. Donald will make some deal with China soon as he...