CoFo Lab Market Watch: Trend Resilience Tested

Analysis and Forecasts
2024-03-19 15:47:35

Bear pressures persist as global timeframe short signals intensify. Market probing uptrend's fortitude.


Analysis of CoFo Scout Readings


Sellers mustered enough heft to strain uptrend's resilience. Yet dip-buyers refusing to capitulate - signals evenly split between bulls and bears.


Indicators temporally divided — local longs bidding while global shorts dominate. Most assets hovering around 50% timeframe balance as a result.


No clear advantage for either side so far. Awaiting emerging dominance.


Pivotal uptrend retest underway. Scout indicators will reveal which side gains decisive upper hand, aligning with retest's success or failure. Monitoring readings and developments closely.

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