The XJO closed higher on Friday.
There was no downside follow through in response to Thursdays down bar, instead price staged a modest recovery, as it traded within the relative comfort of the previous bars range, and also the incomplete reversal (green box).
Watch this current sideways range closely - a successful breakout above this range would be a sign of potential strength, and a clear break and close below it may be an early warning sign of an impending change in trend.
Weekly Charts later tonight
cheers
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