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In yesterdays blog, the following was written: March 29th was a credible buy the close bar (though very climactic), and the market did not let "buy the close" bulls out who bought the March 29th close. This increased the chances that the market will have to test back up to the March 29th close.
Where could I learn more in the course why this March 29th could be a magnet? Not sure how they would have influence on the direction of the market.
Watch: 19D and the first part of 19E
Will Do! Thank you so much!!!!!!
Many bulls have bought the close of the 29th given it have surge above the DT bears from February 2nd & 9th. Given they have stayed long and price have never went up above the 29th, those bulls will buy lower to make some profit and break even the 29th entry. This is why the 29th is a magnet.
Thank you for your thorough answer. 😊
