High-Probability Large-Profit Trading Strategies for trading stocks, etf, forex, futures, options, commodities, etc.
As expected, Friday was a sideways consolidation day with the close in the middle of the range, a neutral close.
The pattern on the daily chart is very bullish as such we could see a trend up day on Monday. However, the pattern on the 60-minute chart is indicating a down day on Monday.
Key intraday inflection price level is at 16,825, bullish above it, indication of a potential trend up day, and bearish below it with key support at 16,770
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The investment strategies mentioned here may not be suitable for everyone. Each trader or investor needs to review an investment and trading strategy for his or her own particular situation before making any investment and trading decision.
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Examples provided are for illustrative educational (or "informational") purposes only and not intended to be reflective of results you can expect to achieve.
