This is the intraday forecast. An accumulation has been formed and confirmed towards the end of last week. This gives us an insight of the true intentions of the institutions. Although, there is still a number of elements which have to present itself, today I expect a pull back to the downside as a result of the large buy orders placed to break of the highest point of the accumulation(Resistance level). This combines with the fact that we are still experiencing a down trend. Today no trades will be placed, the analysis is done as a method of data collection in preparation for the trade week.
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