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Exits overwhelm new entries on WaveTech weekly model, Bob Kendall warns

Exits overwhelm new entries on WaveTech weekly model, Bob Kendall warns
WaveTech weekly entries drop sharply

The recent update to the WaveTech database signals a sharp shift, according to Bob Kendall. He highlighted that the intermediate trend has reversed decisively, and weekly models are indicating unfavorable conditions for those seeking a tradable bounce.

Kendall noted that weekly entries are minimal compared to a surge in exits, creating a challenging environment for optimistic traders.

The latest developments in the WaveTech database align with recent patterns observed when the WaveTech Intermediate Model registered a significant decline of 13 percent, underscoring persistent challenges for bullish strategies. Bob Kendall’s current perspective further builds on his prior identification of a crude oil V-top pattern—a signal that previously foreshadowed notable shifts across equity markets.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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