We could see a rapid rally on Monday that will last until Wednesday when the CPI data is released. We are currently in a mean reversion as show with the arrow. We broke through the ema50 and are retesting it right now. The order books are also pointing to 56k as there is a lot of liquidity in the form of orders looking to be filled.
CPIliquiditymeanreversionMoving AveragesPO3Support and Resistance
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