My view is long pre fomc
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Here's a quick look at why i didn't take the long trade on this i was watching volume with fed coming up especially in periods of high volatility volume should be clearer and we had a nice big green bar which broke the downtrend line, looked promising right? but there was no volume to confirm the breakup so i waited as it started to drop and retest volume quickly turned negative which for me confirmed the down move as it also broke the rising accumulation support and this is why i like to use these handy tools. I hope you guys picked up on this too thanks
