CoFo Lab Market Watch: Market Pause
Analysis and Forecasts
2023-12-14 18:01:58
Markets continuing sideways consolidation within uptrend. Expected correction still absent.
Analysis of CoFo Scout readings
Persistent medium-term CoFo Scout shorts ascending into higher timeframes, increasing pressure on bull move.
Remaining long signals isolated on W1 and D3 on some assets. Suggest overbought markets awaiting correction.
Indicators recommend closing longs to protect profits ahead of pending pullback.
Meanwhile, assets well-positioned technically for short scenario participation.
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