SInce the Index made the High at 100,5 a consolidation started and ended near its 38,2 fibo (from 79,5-100,5). The consolidation is associated with minor highs. Now it seems that the index gathers strength to conquer ist former High at 97,85. Trading above this Level will generate a Long Signal. The TPs are 99,8/100,5.
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Comments
Patladj.
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There's no fundament behind what you project
AristotelCostel
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Since when there is a "fundamental" reason behind any move of a market? :D A few months ago you told us the dollar is finished, and hyperinflation will flood the galaxy.
AristotelCostel
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In my view the dollar will make a new marginal high (at least 101.82) and then will correct.
The_Cannalyst
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i also think so....the Chart Analysis is just a snapshot....the Analysis can Change in a few days...my target is based on the projection of the Formation i see - it is a ccyclical swing-target
The_Cannalyst
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:-) THX for your comment...although i am an Economist, i don`t care about fundamental things during trading. (exeption: i dont have any positions in the market when for example Labor markt data or similar data appears) I am a technical Analyst, i just trade what i see. And i want to share my thoughts with you. :-) let`s wait and see :-)