Market Update for Monday, November 20th, 2023

Good afternoon, traders.

Well my hopes for some rangebound conditions didn’t last long. We stayed rangebound only for a couple of days, but that turned out to be a consolidation before today’s possibly final, nearly parabolic squeeze.

In the process of that, we’ve produced a series of triangle-like structures, which is remarkable because we did exactly the same thing on the way down.


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