The market reality has shattered good hopes
Happy Wednesday, Dear Swing Traders!
What we can only safely say now is that the 2nd impetus has not proved to be actually the 2nd one, the strongest in the model "impetus-retracement-impetus". at the end of last week when the price painted the key landmark for the correction channel that we have got accustomed to so much. Today the market touched the low border of it giving the bullish signal up to 18200 where we are likely to meet the last decision of the FED this year. If the price fails to reach that level, we are anyway to be ready to the price down turnaround since we've got that channel on the graph’s floor now.
Yours,
ICBF Swinger Dagmar
What we can only safely say now is that the 2nd impetus has not proved to be actually the 2nd one, the strongest in the model "impetus-retracement-impetus". at the end of last week when the price painted the key landmark for the correction channel that we have got accustomed to so much. Today the market touched the low border of it giving the bullish signal up to 18200 where we are likely to meet the last decision of the FED this year. If the price fails to reach that level, we are anyway to be ready to the price down turnaround since we've got that channel on the graph’s floor now.
Yours,
ICBF Swinger Dagmar