Todos COFO FEED

CoFo Lab Market Watch: Gridlock in Distribution Zone

Analysis and Forecasts
2024-03-25 17:16:07
850

Market revisits accumulation range as bears refuse to relent, maintaining downside pressures.

 

Analysis of CoFo Scout Readings

 

Bulls lacked conviction for a fuller uptrend revival, only managing to drift prices into the distribution zone where forces are now balanced.

 

Scout continues capturing swelling bear strength. Shorts dominate higher timeframes.

 

Medium-term, longs still ahead but waning while pockets of short signals emerge.

 

Intraday vista skewed bearish.

 

Overall, only global timeframes offer clear Scout slant — fragmentation across other durations.

 

In such gridlock, prudence dictates awaiting a definitive directional surge — whether before or after range resolution. Positioning based on emerging dominance is better risk management.

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