sp'60min
Summary
*closing hour action: another wave lower, with a new low. Price action sure was twitchy.. but then it was quad-opex.
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I do try to refrain from attempting any wave counts these days, but the price structure since Wed' afternoon does offer a rather clear 5 wave decline.
Considering the underlying MACD (blue bar histogram) cycle... the setup favours the equity bulls next Monday.
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It was great to hear from a fair few of you this week
Have a good weekend everyone
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*the usual bits and pieces across the evening to wrap up day.