The day was mostly confusing with a price struggle between bulls and bears all morning until the bears took the reins and managed to make some damage in the second half of the day. But despite all the sale pressure they did not manage to go far below yesterday’s close and finished the day above it. There is a possible reversal pattern in the making on the 120 min chart and the system issued two long signals (see details here), which leads me to the conclusion that there is a very good chance tomorrow will be a green day.
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