The price action today was a good example of what a 60min correction feels like. We don't know how long it would last but usually with this type of time frame, we can look at a few hours to a day or two. It is important that we know which timeframe prices are moving or how long the counter trend would last. Only when two time frames overlap would it be extended to the other timeframe (This is what I call in SYNC with each other).
I am inclined to look at prices making a new high based on the fact that my indicators are also in the up position which is in sync with each other. The ST is still well and alive and nothing to say otherwise. The timeframe of a top for cycles are still within range, but it seems like it will be on the latter end of that time range forecasted by most analysts, unless we accelerate higher.
MT: UP
ST: UP
PA: UP
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