At the beginning of the week markets where in a buy area, so crude oil, gold and the stock market indices rallyed a bit:
How it played out that entering the nasdaq at a prior day low in a DP area
provided an low risk opportunity for an upmove to the 50% of last down swing:
and then nasdaq sold off again at 50% of wednesdays range:
Since 8th of october stocks / gold have broken the uptrendline and should go lower, but at the beginning of the week traded long because of a reversal at the DP area, then price will droped below the low of the prior two days and the short trend continued.
Crude Oil is still sideways and bonds still short.
So the clearest play is at the moment the nasdaq short down to 2650 (1:1 swing extension)
and Gold down to 1700
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