CoFo Lab Market Watch: Correction Epilogue
Analysis and Forecasts
2023-11-28 10:09:00
Short signals on CoFo Scout largely exhausted. Long strength growing in response.
Analysis of CoFo Scout Readings
Scout shows long signal strength increasing but still insufficient to trigger full correction end & resume uptrend. Local reversal likely first.
Remaining shorts face mounting pressure from surrounding longs on higher medium & lower long-term timeframes.
Await either medium-term long dominance to buy or strong local shorts for sales. Avoid trading correction chop.
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