Currently the Trend is pointing to a Bullish reversal on most time frames with the break above the 200 ema 5min.If we get a morning star or a bullish doji close which its pointing too with the buyer momentum , I believe we will start rallying back to weekly .50 to .702 fib. for next few weeks.If we get a dump before the close then the Bears may be still in complete control, Anything can happen at any moment plz be aware.. CPI data next Friday. GL
Note
SHORT TERM THE TREND POINTING TO A POSSIBLE BULL RALLY
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.