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CoFo Lab Market Watch: At the Crossroads

Analysis and Forecasts
2023-11-15 19:15:00
244

Morning longs played out, prices at key levels.

Analysis of CoFo Scout readings

Locally mixed but stronger short signals.

Longs shift to medium-term frames but strong shorts remain, continuing higher timeframe pressure. Global long dominance persists.

Signal parity by count but shorts prevail by insignificant strength edge.

Relevant upward trend still. But real correction also underway.

Growing CoFo Scout shorts. Shorts dominate by signal count.

Summary

Corrections may continue but local timeframe short domination required for position entries.

For global uptrend continuation trades, long switch to medium-term frames needed.

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