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📊CoFo Lab Market Watch: Correction Defusing Signals

Analysis and Forecasts
2024-01-19 20:38:21
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📊CoFo Lab Market Watch: Correction Defusing Signals

 

Recent plunge bleeding off short signal overload. But fading shorts not implying imminent long takeover yet.

 

🗣Analysis of CoFo Scout Readings

 

Counter-moves within established trends attempt flushing extremes & pave path for eventual continuation — IF anchored by weekly strength.

 

For now, weekly longs maintaining control top-down.

 

Daily bearish appetite reversing sharply — day shorts holding isolated on D3 now. Faint longs emerging on D1 amidst pullback.

 

Broader accumulation range forming medium-term, lacking clear edges. Indicators dispersing with assets seeing pockets of short control.

 

Locals firmly long at the moment.

 

Medium-term frames decisive for larger correction call — their long dominance argues for upward trend resumption targeting. Short takes on locals opens downside extension door.

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