CERN Testing Previous High
CERN gapped in April to quickly complete the short-term bottom formation. It ran up on pro traders and smaller funds buying in the past few days. It is now nearing the previous high’s resistance of last August. This may create a retracement due to profit-taking by the professional traders.
Martha Stokes, CMT
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Learn how to use the technical patterns of each market participant for better trade planning.
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