Closing at a new trend extreme on Fridays suggests that strong-handed sponsorship does not expect the trend to be challenged. An immediate reaction may still develop, but probably only as a temporary detour that is reversed to resume the original trend to a new extreme close.
Study the setup’s historical occurrences here:
This setup has occurred on the following dates:
- 02-05-21
- 08-12-22
- 9-30-22
- 6-02-23