I anticipate more upside initially. The upside DOL is w bs raid and D VI. It is possible to see some more upside with spike. 8.30 news can be helpful to fuel this swift upside move. After that I anicipate TGIF downside move. It is an election year so upside BIAS is very strong, that is why only after IOF provides the evidence with signs in PA it will be possible to aknowledge the high of this week and project 20-30 % downside for TGIF.
Note
10.02 15m TFThe new high of the day is the next DOL to the upside. Technically 20% of the weekly range was hit to the downside so TGIF minimal target was reached. As of now it is more to the upside.
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1.42am 15TFThe upside terminus DOL has been reached. It is time to look for signs of reversal to the downside.
Note
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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.