No real change to my comments yesterday. The last push may be part of a diagonal, so if you are long continue trailing your stop tight and keep in mind that the upside is limited. Keep using the trend line …
It does not come as a surprise that Euro has not made any progress whatsoever. So we need to keep our focus on 2 levels: 1.1360 and 1.1185. Prices printing beyond these levels will determine the next direction.
The retracement so far looks like a three wave move. It already retraced 50% of the preceding decline, but we see no signs of a downturn yet. Perhaps it needs to move to the 62% before it is exhausted, so …
Unfortunately there are multiple ways to label Gold and the fact that it is trapped between long term Moving averages does not help the case. So I have added the Moving Average Channel to help us stay away until there’s …
I have labeled the 2 hour chart to reflect a potential top for Primary wave ((3)) coming today or early next week. There is resistance sandwiched between 4707 and 4725 If these interpretation is correct, we should expect the next …
You may recall that a few days ago, after labeling wave (2) as a huger disproportioned Expanded Flat, I commented on the fact that typicall when a count is forced as we did with that one, we would be forced …