As you can see in the chart SPX responded very well to the lower border of the channel and now the question is: Is this a good time for entry?
The answer could become more clear after reviewing the previous correction and how they were ended..!
Reviewing the past correction reveals a common pattern at the end of the corrections: a complex of 4 candles (Red, Green, Red, and Green) and then change in the direction!
I think today could be candle 2 out of the 4..!
So this is very likely that you can buy what you want at lower prices in the next 2 days!
Best, Moshkelgosha
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Jan 14 analysis:
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today:
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I recently noticed many people do not read the whole article..! A perfect example could be this one! The last line is: “So this is very likely that you can buy what you want at lower prices in the next 2 days!” Read it once again..!