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Consolidation which usually means continuation so bias is a little bit up.
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No sharp pullback in the next couple of bars then it's an uptrend day.
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The pullback will be bought. EMA20 now is the very first possible place.
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Intraday: bullish, another new swing high. up trend and trade above 61.8% from the get go in the morning it's a give away what direction the market intention will be for the day. a trade under red line will indicate a negative price action but it is bullish bias as long as we closed above 38.2% by end of day. keep it simple and stick to what works.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
Thanksgiving holiday usually bullish until the day after Thanksgiving, it's common for chart pattern to push higher to the top wedge. simple line drawn. if you get every day right why bother if it will be there or not? the key is know where the turn will be and what to do about it. know where your money is...happy holiday season.Peace!
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My comments are for entertainment/educational purpose only. NOT a trade advice.
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