One thing we always keep an eye on here at TRI is the fractal energy stored up in the charts. Once it is released, it tends to keep going until the energy is exhausted…
How far will it go this time?
I am not bullish or bearish right now, but the bears are definitely in control of the price action. If this fractal move completes like the last two, then the bulls are not out of the woods yet…
Good trading all.
Steve Chapman, TRI
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