Since my previous analysis closely followed the movement of the exchange rate so far, this post only points out that I am expecting a further acceleration in technology. The first to provide an opportunity for correction is the 3177 usd environment.
So far you are spot on indeed. What are your expectations after we reach the target of 3231?
meszaros
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@Manix237, Thanks for the comment. The next target current is 3319usd. But at that level, I have not yet developed a trading strategy.
ManuTheBear
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@meszaros, so you don’t expect any big retracement after the 3231 target is reached?
meszaros
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@Manix237,
meszaros
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@meszaros, I was expecting a bigger correction under 2892 usd. Because of the fractal rules. We are now far above it. The rate is rising faster than the underlying ATR.
meszaros
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@meszaros, The figure of 4500 usd shown in the figure is just a hypothesis, rather just a "dream". I do not think at this level, nor do I analyze it. I only checked this level to represent the fractal rule.