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consolidation after a big green bar so bias is up.
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APPROXIMATELY (pink and purple)
Technically this is still a bounce up to test the 5dma (pink) and the 13dma (purple)
This would be the perfect “zone” for a failure and a third leg down
Hard to do today with the AD bulls at 4x bears … at the moment… stay tuned…
60min
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
I cannot believe this as so far bulls have chances making an uptrend day if make a new day high with good looking bull bar in the next few bars.
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