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Bears want the trading array to become a bear flag following Friday’s big bear development. They therefore want trend resumption down.
It truly is still a pullback within the rally that began on May 13. It is also in the wedge bull flag at the same time. Bulls need a bull bar now to enhance likelihood of a pair legs up above the following few months.
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The bare minimum the bears want is a bear body nowadays over the every day chart. That could ensure Friday’s breakout down below the June four reduced, and increase the prospect of decrease costs this week.
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