APRIL 13, 2022 — WEDNESDAY AM
Given Tuesday’s significant reversal from highs and the late-day sell-off, we could see further weakness ahead. Morning strength may be seen as an opportunity to sell ahead of late-day weakness. Breaks of the previous month’s midpoints could open up a return to mLO ahead for most of these markets. Crude Oil remains bullish and is likely approaching the 105 to 106 zone ahead. BTC is approaching the lower edge of its trading range, which could provide another great buying opportunity.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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