DXY in the long-term downtrend channel On the Monthly DXY chart, we can see that the instrument is within a long-term downtrend Andrew’s Pitchfork channel and is going for a test of the upper half of the channel 50% line test 84. A break below 92 has opened the […]
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Bitcoin to target 55000 In the 12th century, one monk called Leonardo Fibonacci changed the history and all the modern trading strategies, by his theory of procreation among rabbits. He was observing them and found an elegantly simple numerical sequence that explained the rate of increase in their population.
Applying Fibonacci retracement and expansion to Bitcoin trading Read More »
DAX long-term 5th wave extension DAX is extending higher in the long-term impulsive upside 5th wave and is ending expanding flat correction for an extension higher as you can see on a monthly chart by breaking above the 13700. Does this mean that the DAX is heading higher? Should
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EURUSD is starting the long-term 3rd wave EURUSD is confirming a breakout above the long-term falling trend line which has been formed in the 2nd wave pullback to start the 3rd wave higher and it is in running flat correction for an extension higher as you can see on
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Oil is testing the long-term downside channel breakout resistance On the Monthly Oil chart, we can see that the instrument is testing long-term uptrend Andrew’s Pitchfork channel 57 resistance. Rejection from this resistance could lead to a deeper correction lower if we will not have a breakout this month.
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