CoFo Lab Market Review: Reversal?
Analysis and Forecasts
2023-11-17 13:00:00
Despite false breakouts, assets ranged. Volatility rises but not from growth — potential early reversal signals.
Analysis of CoFo Scout readings
Lower timeframe uncertainty - weak long/short cycling. Lingering strong medium-term shorts. Shorts strengthened on D1, longs remain on D3 and W1. Global bullish trend persists.
Local correction combining with short strengthening on higher timeframes. Bearish signal dominance by count.
Summary
Awaiting full reversals for corrective position entries. No uptrend continuation signals presently.
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