On the Daily, price is pushing strongly into the Resistance level around 117.70, so let's see how price reacts there. This is around the 61.8% Fibo of the preceding run down. Weekly zones and trendlines shown in Pink / Red, Daily zones in grey. Seems to have been in a trading zone between 117.70 and 116.0 for the last 3 months, barring the spike upwards in mid-February. Watching & Waiting now.
samblackpt
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At what point would you consider there to be confirmation of a move down? Following your updates on telegram etc. Thanks a lot. Feel like I actually learn bits and pieces from your work 👍
k4kaleem
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Looks interesting, but not sure how markets react due to bonds issue. I have will definitely keep an eye, thanks