Weekly review 3-9-25
2 weeks ago saw a non-overlapping bear bar signaling likely continuation down. We have now
completed a bull flag wedge pattern testing the breakout of the Sept 9th week. Last week's bar was strong, suggesting lower prices, but I expect a pullback first. This is
a tight channel down, and the market is in AIS, and there will be sellers above. That being said, I expect a pullback next week before bears get another leg down. I expect buying early in the week at least. The lower probability event would be another strong bear bar, which would
likely result in 1-2 more legs down before a pullback.
2 weeks ago saw a non-overlapping bear bar signaling likely continuation down. We have now
completed a bull flag wedge pattern testing the breakout of the Sept 9th week. Last week's bar was strong, suggesting lower prices, but I expect a pullback first. This is
a tight channel down, and the market is in AIS, and there will be sellers above. That being said, I expect a pullback next week before bears get another leg down. I expect buying early in the week at least. The lower probability event would be another strong bear bar, which would
likely result in 1-2 more legs down before a pullback.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.