anyway short term nice rally off the lows, the correction from
yesterday has been corrective/choppy and not impulsive so it's a
correction in an uptrend. that said it's too early to call that
it's over, We could have a wave A down and this a wave B up lower
higher then one more pullback or go sideways and form a triangle.
We have almost filled today's open gap now
otherwise zooming out, the main support is the uptrend lines I
showed on the 60 min and 120 min charts, they have not been broken
at this time. Let's see how the rest of the day unfolds, especially
the afternoon.
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anyway short term nice rally
Powell is hard on the buy button now.
Posted by matt on 23rd of Jan 2020 at 01:52 pm
anyway short term nice rally off the lows, the correction from yesterday has been corrective/choppy and not impulsive so it's a correction in an uptrend. that said it's too early to call that it's over, We could have a wave A down and this a wave B up lower higher then one more pullback or go sideways and form a triangle. We have almost filled today's open gap now
otherwise zooming out, the main support is the uptrend lines I showed on the 60 min and 120 min charts, they have not been broken at this time. Let's see how the rest of the day unfolds, especially the afternoon.