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CoFo Lab Market Watch: Black Friday on Wednesday?

Analysis and Forecasts
2023-11-22 13:31:03
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Continued indicator downloads. Intensifying overnight longs.

Analysis of CoFo Scout readings

Formed downward impulses across nearly all assets relieved CoFo Scout shorts. Significant short intensities remain only on H12 and D1 now.

Strong local longs shifted to medium-term frames joining persistent global longs, continuing constrainment of bearish market trends.

However, H12 and D1 signal fades needed for confident buys. Alternatively can consider corrective moves toward downward corrections. Short trading situations require local timeframe short domination still.

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