MESU2023 Reaccumulation, Manipulation, Waiting for Expansion
It has taken some time today, however, the price has managed to reaccumulate and provide a manipulation peak for the day at 4436.75 before beginning a continuation of the bearish trend.
Today we are looking for a break below yesterday's low of 4408.75 as the first target. Succeeding in that, we will be looking for the price to continue down to 4383.50 which is the 4-day average.
Additionally, 4400.00 is of course a psychological area where it is anticipated orders may reside.
Today we are looking for a break below yesterday's low of 4408.75 as the first target. Succeeding in that, we will be looking for the price to continue down to 4383.50 which is the 4-day average.
Additionally, 4400.00 is of course a psychological area where it is anticipated orders may reside.